£250m deposit required for Buckingham Palace

With the Queen moving out of Buckingham Palace to "work from home" at Windsor Castle, research has found it would cost almost £250m just for a deposit to purchase the London landmark. Mortgage solutions specialist Henry Dannell found that the building's estimated market value is £995m, with monthly mortgage repayments sitting at nearly £1m per month, or £3m for anyone paying off the loan. Other Royal residencies would also come with a hefty price tag, with Windsor Castle costing £124m up-front, while Sandringham would require ‘just' under £200,000 each month in repayments, Henry Dannell calculated.  

City AM (14/03/2022)