Andrew Mountbatten Windsor will live in a Sandringham property funded by King Charles after his Royal Lodge exit, it can be revealed.
It is not currently known which property the former prince will live in, but it is understood that any future accommodation will be privately funded by the King.
A statement from Buckingham Palace was issued earlier this evening, reading: "His Majesty has today initiated a formal process to remove the Style, Titles and Honours of Prince Andrew.
"Prince Andrew will now be known as Andrew Mountbatten Windsor.
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"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."
Andrew to live in Sandringham property funded by King after Royal Lodge exit
|GETTY
It is understood that Andrew will move out of Royal Lodge as soon as practicable.
The King's younger brother has lived at the property since 2003, having signed a 75-year lease with the Crown Estate.
His ex-wife, Sarah Ferguson, moved into Royal Lodge in 2008, despite being divorced since 1996.
Royal Lodge was famously the home of the Queen Mother for much of the 20th century.
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Andrew Mountbatten Windsor signed a 75-year lease in 2003
| PAThe removal process applies to Andrew’s titles of Prince, Duke of York, Earl of Inverness, Baron Killyleagh and the style "His Royal Highness".
The honours affected are Prince Andrew’s Order of the Garter and Knight Grand Cross of the Royal Victorian Order.
GB News understands that King Charles acted swiftly following recent developments, which led to his brother relinquishing the use of his titles and honours as soon and efficiently possible.
These developments are thought to have required time, legal and constitutional expertise, and support from the wider family to bring about.
Andrew Mountbatten Windsor stepped down from royal duties in 2019
| PAAndrew's daughters, Princesses Beatrice and Eugenie, will keep their princess titles.
Amid the controversy, King Charles is said to be very keen to "protect" nieces Princess Beatrice, 37, and Princess Eugenie, 35, who remain Her Royal Highnesses as granddaughters of Queen Elizabeth.
Andrew has always denied wrongdoing, but it is understood that the scandals surrounding the King's brother were becoming too much of a distraction.