The couple would use the royal property when returning to the UK for visits, but it will now be redistributed.
It is also thought that subsidised rent for royals will be eradicated over time, with the King wanting them to fund their own homes.
As well as this, he is understood to want funds from the Duchy of Lancaster, the portfolio of land, property and assets held in trust for the King, and the sovereign grant that covers the cost of royal travel on official engagements, to be spent more effectively.
Members of the Royal Family often benefit from subsidised palace accommodation, with even non-working family members enjoying some of the properties.
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