PRINCE Andrew and ex-wife Fergie are desperate to flog their £20million Swiss chalet after being sued for unpaid debts, pals have revealed.
The former couple — who bought the seven-bed pad in ski resort Verbier in 2014 — missed a £6million final payment to its previous owner.
They put it on the market but the economic crisis caused by the Covid-19 lockdown means they have not had an offer.
The former owner — an unnamed Swiss-based trust fund — is suing them for the £6million, plus an extra £700,000 in interest after they missed a deadline on December 31 to pay.
The legal action heaps further woes on Prince Andrew, who stepped down as a senior royal last November amid the Jeffrey Epstein paedophile scandal.
The trust fund has instructed lawyers to sue the Duke and Duchess of York at a Swiss prosecution office.
The couple are believed to have borrowed the £6million from the fund to serve as a deposit.
But a friend of the Duke and Duchess said the family had not visited the chalet this winter.
They said: “Andrew and Fergie’s financial circumstances changed a lot last year and they realised they could not meet their obligations.
“The vendor knows the Yorks were planning to sell it and the sale was intended to clear any outstanding debts on the property.
“But due to Covid-19 no one is buying or selling at the moment and the lender wants their money.
“They are baffled why the vendor has got a dose of urgency over this. The legal action is new.”