The King has initiated a "formal process" to strip the style, titles and honours of Prince Andrew.
He will now be known as Andrew Mountbatten Windsor, according to Buckingham Palace.
"His Majesty has today initiated a formal process to remove the Style, Titles and Honours of Prince Andrew," the palace said.
"Prince Andrew will now be known as Andrew Mountbatten Windsor.
"His lease on Royal Lodge has, to date, provided him with legal protection to continue in residence.
"Formal notice has now been served to surrender the lease and he will move to alternative private accommodation.
"These censures are deemed necessary, notwithstanding the fact that he continues to deny the allegations against him.
"Their Majesties wish to make clear that their thoughts and utmost sympathies have been, and will remain with, the victims and survivors of any and all forms of abuse."
Prince Andrew will have his royal titles stripped by King Charles
| PAIt is understood that Andrew will now move to a property on Sandringham Estate.
Any future accommodation will be privately funded by King Charles.
Conservative Party leader Kemi Badenoch said it must have been "very difficult" for the King to strip his brother of his titles as well as the Royal Lodge.
She told LBC that she had been following the story "more about a family".
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Kemi Badenoch said it would have been a 'very difficult' decision for King Charles
| GB NEWS"It's a very sad state of affairs," she said.
"I think that the King has clearly felt that this is the right decision for the Royal Family."
Ms Badenoch added that it "must have been a very difficult thing ... having to do that to your own brother".
"But the standards and expectations in society now are very high," she said.
"But the standards and expectations in society now are very high. People expect to see the very highest levels of integrity.
"And I’m afraid the whole Jeffrey Epstein saga and everyone it has touched, from Prince Andrew to Peter Mandelson, has just shown that the public has no truck whatsoever with any kind of sexual abuse, sexual offences, especially of minors. And I think that that’s quite right."
It is understood that the decision came due to serious lapses in Andrew's judgement, however, he continues to deny any accusations made against him.
The King initiated the process, and it is further understood that Andrew did not object.
It is understood that Andrew did not object to the King's decision
| GETTYThe Government was consulted, making it clear it supported the decision as constitutionally proper.
Liberal Democrats leader Sir Ed Davey has thrown his support behind the King's decision.
"The King is absolutely right to strip Prince Andrew of both his titles and his residence at the Royal Lodge," he said.
"It’s clear that Andrew’s position had become totally untenable, having disgraced his office and embarrassed the country.
"This is an important step towards rebuilding trust in our institutions and drawing a line under this whole sorry saga."
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