Prince Andrew stripped of titles and will leave his home as Buckingham Palace release new statement

Prince Andrew is to be stripped of his titles and is to leave his home at the Royal Lodge in Windsor.

A formal notice has been served for the 65-year-old to surrender his lease at the mansion as the King initiates a formal notice to remove his honours as he will lose the 'Prince' title.

It is understood that he will move to a property on the private Sandringham Estate in Norfolk with any of his future accommodation to be privately funded by the King.

This comes after Andrew gave up his royal titles earlier this month, such as the Duke of York. And so, with his titles dropped, he will now be known as Andrew Mountbatten Windsor.

Although he denies the allegations, these developments follow continuous controversy over Andrew's links to paedophile financier Jeffrey Epstein.

The King has initiated a formal process to remove his brother's 'Style, Titles and Honours' (Max Mumby/Indigo/Getty Images)

Buckingham Palace said in a statement: "His Majesty has today (30 October) initiated a formal process to remove the Style, Titles and Honours of Prince Andrew.

"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."

Questions around Andrew's private life have heightened in recent months and a posthumous memoir from Virginia Giuffre repeated allegations against him.

Again denied by him, she had long-claimed that they had sex on three separate occasions when she was a teenager.

Andrew reached an out of court settlement with Giuffre. (US Justice Department/PA)

Having died by suicide earlier this year, Giuffre was the most prolific accuser of Andrew and Epstein, alleging that the financier and his former partner, Ghislaine Maxwell, had trafficked her to the royal when she was 17.

Andrew reached an out-of-court settlement with the Australian-American in 2022 after she sued him for sexual assault.

Earlier this month, emails from 2011 also re-emerged that showed him in contact with Epstein, months after he claimed their friendship had come to an end.

While Andrew is losing his titles, his daughters, Princess Eugenie and Princess Beatrice will keep theirs. That's because they are the daughters of the son of a sovereign.

It is understood that Andrew did not object to the King's decision regarding his titles and his move to Sandringham will take place 'as soon as practicable'.

It is also understood that the decision was made due to serious lapses in Andrew's judgement and that the government was consulted.