THIS is the £11million luxury home lost by a former banker and tycoon in what is believed to be the biggest ever repossession in Britain.

Robert Bonnier, 38, splashed out £3million more than the property’s asking price last year.

 He and wife Irene had planned to redevelop the home in West London’s exclusive Holland Park with a huge extension, an indoor swimming pool and cinema.

But the credit crunch has wiped 20 per cent off its value.

Bonnier - who made and lost a £150million fortune on a dotcom enterprise before going into banking - has racked up debts said to be around £15million.

His agent said: “You only have to look to see what’s happened to him to understand why the house has been repossessed.”

The Council of Mortgage Lenders said it had never heard of repossession of such an expensive property.

www.thesun.co.uk

Tags: banking, expensive, mansion, Repossession