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Duke of York in money row over £18.3m Swiss chalet

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Proceedings: Prince Andrew

Proceedings: Prince Andrew

Proceedings: Prince Andrew

The Duke of York is caught in a dispute over a Swiss chalet amid reports legal proceedings have been launched against him over an unpaid bill.

Le Temps newspaper said Andrew and ex-wife Sarah, Duchess of York bought the holiday home in Verbier for £18.3 million (22m Swiss francs) in 2014.

But the pair did not meet a deadline of paying off a chunk of the sum for the seven-bedroom chalet in December, the newspaper reports.

A spokeswoman for the Duke of York said: "We can confirm there is a dispute between the two parties in this matter.

"The contractual details remain the subject of a confidentiality agreement and prevent further discussion."

The report claims nearly £5m was due to be paid over the chalet at the end of 2019, which has since risen to £6.7m (eight million Swiss francs).

It is understood that Andrew and Sarah had intended to sell the chalet and the proceeds were intended to clear any outstanding debt, a move which is believed to be known to the lender.

Law firm Etude du Ritz has been instructed to launch legal proceedings, Le Temps reports.

The duke stepped down from royal duties last year following a disastrous interview with Newsnight in the wake of the Jeffrey Epstein scandal.

Belfast Telegraph