Prince William and Kate Middleton could afford to buy 'just a caravan' - Prince William and Kate Middleton could barely afford to buy a caravan if they depended solely on their salaries, a high street bank reveals today.
More accustomed to the surrounds of St James Palace, Prince William’s RAF salary of £37,170 means the couple could only obtain a mortgage of £142,000, according to the Spanish banking giant Santander.
It found a selection of properties valued at this amount across the country, many of which it described as ‘less than regal’.
Prince William and Kate Middleton could afford to buy 'just a caravan'
They include a two-bedroom bungalow in Windsor which is a rebuilt mobile home, measuring just 50 square foot, and a parking space close to Westminster. The money could also buy them a one-bedroom flat where they first met.
However, if they traveled further north, they could consider a two-bedroom semi in Glasgow.
Experts described the prospect of getting a foot on the property ladder as “daunting”.
Nigel Lewis, of property website FindaProperty.com, said: “If William and Kate were an average young couple, without the additional sources of finance they enjoy in reality, they’d be able to find comfortable if modest homes in most areas of the country.
“If they wanted to live in London or the South East however, this would be much more of a stretch. It’s clear from the findings that what a modest budget will afford varies considerably between regions, which is why it’s always helpful if there is a bit of flexibility in terms of where and when people hope to buy. For those that are prepared to shop around, there are still some real bargains to be had, even if the overall budget isn’t vast.” ( telegraph.co.uk )
More accustomed to the surrounds of St James Palace, Prince William’s RAF salary of £37,170 means the couple could only obtain a mortgage of £142,000, according to the Spanish banking giant Santander.
It found a selection of properties valued at this amount across the country, many of which it described as ‘less than regal’.
Prince William and Kate Middleton could afford to buy 'just a caravan'
They include a two-bedroom bungalow in Windsor which is a rebuilt mobile home, measuring just 50 square foot, and a parking space close to Westminster. The money could also buy them a one-bedroom flat where they first met.
However, if they traveled further north, they could consider a two-bedroom semi in Glasgow.
Experts described the prospect of getting a foot on the property ladder as “daunting”.
Nigel Lewis, of property website FindaProperty.com, said: “If William and Kate were an average young couple, without the additional sources of finance they enjoy in reality, they’d be able to find comfortable if modest homes in most areas of the country.
“If they wanted to live in London or the South East however, this would be much more of a stretch. It’s clear from the findings that what a modest budget will afford varies considerably between regions, which is why it’s always helpful if there is a bit of flexibility in terms of where and when people hope to buy. For those that are prepared to shop around, there are still some real bargains to be had, even if the overall budget isn’t vast.” ( telegraph.co.uk )
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