Prince Andrew will be stripped of his 'prince' title and move out of the royal lodge, Buckingham Palace has announced.

The process to officially remove the 65-year-old's remaining royal titles is now underway and he will be known as Andrew Mountbatten Windsor.

It is the latest move from the palace, weeks after it was announcedAndrew would no longer use his Duke of York title following renewed scrutiny on his ties with convicted sex offender Jeffrey Epstein.

Andrew will leave the Royal Lodge and move to Sandringham, in Norfolk, one of two privately owned residences by King Charles.

His two daughters, Princess Eugenie and Princess Beatrice, will retain their titles, as they are the daughters of the son of a Sovereign.

This is in line with King George V's Letters Patent of 1917.

Prince Andrew has always strenuously denied the allegations made against him.

The statement from Buckingham Palace, in full, reads:

"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.

"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's new home will be one of the properties at Sandringham, the Norfolk estate where the royals traditionally celebrate Christmas.

His future accommodation will be privately funded by King Charles, it is understood.