Prince Harry and Meghan Markle will reportedly continue paying for their Montecito mansion despite their recent move to the UK. The couple and their two children arrived back in Britain earlier this week, with the shock decision to return only revealed days before.
It is understood the couple will keep their nine-bedroom home in the US, raising questions about the bills and taxes. They are also known to have a home in Portugal.
Mortgage and property tax
According to Santa Barbara County records, the Sussexes' company, Rockbridge LLC, bought the 7.38-acre estate for £10.81million [$14.65m] in June 2020. It has been reported that the company took out a £7.03million [$9.52m] loan from City National Bank, with an adjustable-rate mortgage starting at 2.49 percent.
Based on the 30-year term at the rate, it has now been reported that Harry and Meghan would be subject to a monthly repayment of £27,729 [$37,566], amounting to £332,749 [$450,792] per year.
In addition to the mortgage, the New York Post previously reported that the couple paid a property tax bill of £110,476 [$149,668] in 2025.
The Montecito estate
Their Montecito home, known as the Chateau of Riven Rock, lies on seven acres and boasts a swimming pool, tennis courts, and a small cinema.
New life in the UK
The couple arrived at Birmingham airport around lunchtime on Wednesday with their children. The Sun previously revealed that the couple's length of stay is being referred to as being for "an extended period" in the present moment.
Prince Archie and Princess Lilibet – now aged seven and five – have also been enrolled in a school, with the young royals set to start there next week.
