Andrew Mountbatten-Windsor earned just over £2,000 a month from subletting cottages at his former home, Royal Lodge, while paying no rent himself, a parliamentary report has revealed.

The Public Accounts Committee (PAC) said the former prince sublet three cottages in the grounds of the Windsor estate, keeping the income himself rather than sharing it with the Crown Estate.

Three cottages, one below-market rent

The committee's report, published on Friday, sets out the arrangement. One cottage was sublet at a below-market rate to a tenant who worked for the royal family for most of the 22-year tenancy.

From late 2021, for a period of less than a year, all three cottages were sublet at the same time, generating a combined income, before maintenance and expenses, of just over £2,000 a month.

The details came in a letter from James Chalmers, Keeper of the Privy Purse, drawing on information from "the Household of Mr Mountbatten-Windsor".

A lease that charged no rent

Mountbatten-Windsor took on a 75-year lease for Royal Lodge in 2003 and paid about £7.5 million towards its renovation, which meant he did not have to pay rent.

The Crown Estate told MPs it had no oversight over how much he charged, and that subletting was allowed under his lease. The committee said the arrangement ran contrary to normal commercial practice, under which a landlord would usually share in subletting profits.

MPs demand a ban as standard

The committee concluded the Crown Estate "did not identify specific lessons from the Royal Lodge lease arrangement" and recommended that all future leases prohibit subletting as standard, unless the landlord gives prior permission.

The report confirms Mountbatten-Windsor surrendered the lease last month, paying the Crown Estate £1.5 million to terminate the 75-year agreement with money given to him by his brother, King Charles.

Sources: BBC News, 6 November 2026; Press Association, 6 November 2026; Hello! magazine, 6 November 2026; The Times, 6 November 2026; UK Parliament, Public Accounts Committee Crown Estate report, 6 November 2026.