JOBLESS Harry and Meghan must “start making money quickly” to pay off their bills of more than £500,000 a year.
The Duke and Duchess of Sussex spent £11.2million on the nine-bed house.
⚠️ Read our Meghan and Harry blog for the latest news on the Royal couple.
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They paid a deposit of £3.8million to City National Bank leaving a £7.4million mortgage over 30 years at £34,750 a month — or a huge £417,000 a year.
The Sussexes would have had to convince the lender they had the funds for repayment, despite neither having a steady wage.
They also face a £52,000-a-year property tax for homes worth £7.64million-plus in Santa Barbara.
Utility and staffing bills could run into hundreds of thousands while the couple say they will privately fund their £5million-a-year security arrangements.
They are also paying back £18,000 a month to the taxpayer for £2.4million renovations on Frogmore Cottage, Windsor.
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Royal finance expert David McClure said: “I am surprised they can afford it all. They must start making money quickly.”
Harry is reliant on £6.5million from his mum’s will and £4million from the Queen Mother.
The Prince of Wales is largely funding the couple’s new life in the States.
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