While we know where Meghan and Harry found the funds to buy their Montecito home, less is known about the funding for Frogmore House. The couple have yet to reimburse the work undertaken in their former English home, where they lived before moving to Los Angeles. In all, they owe the sum of 2.4 million pounds, or about 2.7 million euros, sum borrowed from the taxes of the British taxpayers. The British newspaper The Express explains that the payment of loan interest amounts to 45,000 pounds per month, or nearly 50,000 euros. Meghan and Harry would currently reimburse the sum of 18,000 pounds per month, or 20,000 euros. It would take them ten years to settle their debts. However, the question arises as to where the money that is used to repay the credit comes from.
All this money is a gift from the Queen for Harry and Meghan’s wedding, considered a “Sovereign Grant”, titled Sovereign Grant. Today the Duke and Duchess of Sussex would pay the rental fee which amounts to 30,000 pounds per month, 33,000 euros.
A life on two continents?
If the Duke and Duchess of Sussex do not part with their house, it is because they are willing to continue “to use Frogmore Cottage – with the permission of Her Majesty The Queen – as their official residence as they continue to support the monarchy “and despite their now organized life between North America and the UK wish to have” a place to call ‘home’ “.