Jobless Harry and Meghan must ‘start making money quickly’ to pay £417,000-a-year mortgage on their California home

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JOBLESS Harry and Meghan must “start making money quickly” to pay off their bills of more than £500,000 a year.

The Duke and Duchess of Sussex spent £11.2million on the nine-bed house.

Harry and Meghan’s lavish new property in Santa Barbara, California

Prince Harry and Meghan Markle would’ve convinced the lender they had funds for repayment despite neither having a steady wage

They paid a deposit of £3.8million to City National Bank leaving a £7.4million mortgage over 30 years at £34,750 a month — or a huge £417,000 a year.

The Sussexes would have had to convince the lender they had the funds for repayment, despite neither having a steady wage.

They also face a £52,000-a-year property tax for homes worth £7.64million-plus in Santa Barbara.

Utility and staffing bills could run into hundreds of thousands while the couple say they will privately fund their £5million-a-year security arrangements.

They are also paying back £18,000 a month to the taxpayer for £2.4million renovations on Frogmore Cottage, Windsor.

Royal finance expert David McClure said: “I am surprised they can afford it all. They must start making money quickly.”

Harry is reliant on £6.5million from his mum’s will and £4million from the Queen Mother.

The Prince of Wales is largely funding the couple’s new life in the States.

The Duke and Duchess of Sussex spent the first half of the year at pal Tyler Perry ’s pad
The pair spent their first Christmas with baby Archie in this $14.1million waterfront Canadian mansion

Their first home in Windsor, Frogmore Cottage, will continue to be used when the Sussexes are in the UK

Harry inherited £4million from the Queen Mother

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