propertytalk Live! - Kate and Wills: "Where will One live?"

propertytalk Live! - Kate and Wills: "Where will One live?"

London based asset manager Young Group has heard from a 'highly placed' Palace source that Kate and William are in a dilemma about where to live following their nuptials in April.

It is understood they want to be a modern couple and feel that living in one of the Crown's Palaces will not sit well with “their subjects”.

Ideally, they would like to buy somewhere. However William?s RAF salary is unlikely to get them the large mortgage they would need to be able to live in London.

Neil Young, CEO of Young Group, points out; “I have spoken to Jane Reeves, property & finance consultant at Young Finance who warned that with current lending criteria, they will struggle to secure a mortgage for their dream home. Banks will be nervous about their income, especially with the current cuts in public spending beginning today. Their best bet may be to see whether William’s Grandmother would stand as a guarantor, but her age may prove a problem with this option.”

London lettings specialist, Young London, has recommended that they look to the Private Rented Sector for a solution – something that the source says is “being considered”.

“Wherever they decide upon, it’ll have to be fit for a king,” quipped Neil, and while considering where to rent, the couple is thought to be insistent that the property fits the following factors:

- Close to Dad and Gran
- Good security
- Split-level - so the servants can live downstairs
- A (preferably soundproofed) room for Prince Harry to use as a chill out space after his all-night partying