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There are reports Sarah Ferguson will lend money to Prince Andrew as King Charles III says he may stay at the Royal Lodge if he can afford the bills, says The Daily Mirror’s royal editor Russell Myers.

Prince Andrew currently lives on the royal estate in a 30-room mansion.

“He can ill afford to keep a roof over his head there,” Mr Myers told Sky News host Caroline Di Russo.

“The King has said you can stay there if you can afford the bills – about 3 million dollars are needed of renovations at the property.

“Who knows whether he will be able to afford that; apparently Fergie is going to lend him some of the money from her book deals.”