20 Minutes Ago: Princess Beatrice and Eugenie in flood of Tears As they receives Heartbreaking News from Prince Andrew Over their involvement in New Scandal

Princess Beatrice and Princess Eugenie’s central London flat was rented by Andrew Mountbatten-Windsor in a cut-price deal.

A new investigation uncovered that Andrew Mountbatten-Windsor paid merely £1,600 per month to rent a four-bedroom apartment at St James’s Palace for his daughters Princess Beatrice and Princess Eugenie.

Comparable properties within St James’s Palace commanded £20,000 monthly on the open market.

The 65-year-old’s annual outlay of under £20,000 represented a fraction of the £240,000 such accommodation would typically generate for Crown coffers.

Throughout the 14-year period his daughters resided at the prestigious central London address, the arrangement potentially saved Andrew as much as £3.1million according to the Mail on Sunday.

This marks the second controversy surrounding the royal’s housing arrangements, following earlier revelations about his rent-free occupation of the 30-room Royal Lodge on the Windsor Estate spanning two decades.

The St James’s Palace flat, featuring two reception rooms and a modern fitted kitchen, underwent a £250,000 refurbishment funded by taxpayers when Andrew’s lease commenced in 2008.

A comparable apartment within the palace, designated 29A, was advertised for rental at £20,000 monthly in 2015, equating to £240,000 annually.

Properties such as 29A, situated beyond the palace’s security perimeter, are understood to command premium rental prices.

Andrew’s Royal Lodge arrangement involved a £1million upfront payment securing a 75-year lease, with subsequent rent obligations limited to “one peppercorn (if demanded) every year” – a traditional legal term effectively eliminating meaningful ongoing payments.

This symbolic peppercorn clause meant the royal faced no substantial rental costs for the sprawling Windsor Estate residence over two decades.

A public accounts committee inquiry will scrutinise lease arrangements across the Crown Estate portfolio, examining deals involving multiple members of the Royal Family.

The investigation will assess the Prince and Princess of Wales’ arrangement for Forest Lodge, their new family residence, where they reportedly pay market-rate rent.

Prince Edward and his wife Sophie’s situation at Bagshot Park will also face examination – the couple secured their sprawling Windsor Great Park mansion through a £5million lump sum payment in 2007, subsequently occupying it rent-free.

Additionally, the committee will review the £225 monthly rent paid by Princess Alexandra, the late Queen’s cousin, for her Richmond property.

The inquiry represents a comprehensive review of how Crown Estate properties are allocated to members of the royal household.