New Delhi, Nov. 1 -- Andrew Mountbatten Windsor, the disgraced former Duke of York, is reportedly set to receive a large, one-time six-figure payment and an annual stipend as he gets used to life as a commoner.

The development comes following King Charles' decision to strip the former Prince of all his titles over his connection with disgraced financier and convicted sex offender Jeffrey Epstein.

According to a report by The Guardian, Andrew is set to receive an initial six-figure sum to cover his move from the Royal Lodge in Windsor to a private accommodation in Norfolk.

In addition to the aforementioned one-off payment, Andrew is also set to receive an annuity, which will be paid from King Charles' private funds.

While the amount ha...