Who pays for Andrew now, and where will Fergie go?

The pair, who divorced nearly 30 years ago, will move out of Royal Lodge in Windsor -a home they have shared since 2008

Prince Andrew has been stripped of his “prince” title and will leave his Windsor mansion, along with his ex-wife Sarah Ferguson, Buckingham Palace announced in a dramatic statement.

The decision came amid growing pressure for King Charles to resolve issues over the disgraced royal, whose downfall was prompted by his friendship with convicted paedophile financier Jeffrey Epstein.

He will now effectively have the status of a commoner and be known as Andrew Mountbatten Windsor.

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Buckingham Palace said: “These censures are deemed necessary, notwithstanding the fact that he continues to deny the allegations against him.”

It is understood that the decision was made due to serious lapses in Andrew’s judgement.

The announcement comes after Andrew, earlier this month, agreed to give up his use of the title Duke of York and his membership of the Order of the Garter.

Where will Andrew live?

Pressure had been intensifying, mounting on Andrew to give up the 30-room mansion at Windsor’s Royal Lodge after it emerged he only paid a “peppercorn rent” on the property for more than 20 years.

Buckingham Palace on Thursday said formal notice had been served to end Andrew’s lease, and he will move to a private home on the King’s Sandringham estate in Norfolk.

Royal Lodge is a Grade II listed house in Windsor Great Park (Photo: The Print Collector/Heritage Images/Getty)

A copy of the leasehold agreement with the Crown Estate – previously shared with The i Paper – revealed Andrew signed a 75-year lease on the property in 2003, which allows him to stay there until 2078.

It was also revealed that he paid £1m for the lease and since then has paid “one peppercorn” of rent “if demanded” per year.

He was also required to pay a further £7.5m for refurbishments completed in 2005, according to a report by the National Audit Office.

Andrew will move to one of the 150 properties on the vast Sandringham estate “as soon as practicable”, with some reports suggesting William wants his uncle out of Royal Lodge by 5 November.

Sandringham House, where the King usually spends Christmas, has been the private home of five generations of British monarchs for more than 150 years.

The estate itself includes villages and hamlets, where it also has residential properties let to people living and working locally.

Who pays for him?

Andrew’s new home, and any future accommodation, will be funded privately by the King.

It is understood that the King will make private provision for Andrew, but any other sources of income will be a matter for the former duke.

His agreement at Royal Lodge contained a clause which stated the Crown Estate would have to pay Andrew around £558,000 if he gave up the lease.

Public pressure on the King to take action has intensified in recent weeks (Photo: Peter Nicholls/Getty)

But any compensation is “a matter for the Crown Estate” and may be affected by the £7.5 million he spent renovating the home.

Mystery has long surrounded how Andrew has afforded his lavish lifestyle.

He receives an Armed Forces pension from his time in the Navy, which is thought to be about £20,000 a year.

Andrew is thought to have received around £250,000 a year to fund his office when he was a working member of the Royal Family, but this allowance is believed to have ended when he was stripped of his royal duties.

The King also stripped his brother of his £3m-a-year security costs last year.

It was previously reported that he was struggling with the reported £400,000-a-year costs of repairs at the Grade II listed house in Windsor, estimated to be worth around £30m.

Where will Sarah Ferguson live?

Sarah has lived at Andrew’s official residences for most of the 29 years since their divorce.

Sarah has been living and working from Royal Lodge, where Andrew resides, since 2008 (Photo: Mark Cuthbert/UK Press/Getty)

But Sarah, who gave up her Duchess of York title this month, will also move out of Royal Lodge and be left to make her own arrangements.

She was dropped by numerous charities in September when it emerged that she wrote to convicted sex offender Epstein, calling him a “supreme friend”, despite publicly disowning him in the media.

Earlier this month, the former duchess sold a Belgravia townhouse for £3.8m, reportedly for £400,000 less than she paid for it.

Her spokesperson said at the time the property had been an investment for her daughters, and would be reinvested as a nest egg for them.

It was previously speculated that Sarah could take the four-bedroom Adelaide Cottage, soon to be vacated by Prince William and his family, but this suggestion was also played down.