Qualified advisers answering your
Financial Questions
call 0800 092 1245

London home 'biggest-ever' repossession

An £11 million home in West London has become the UK's biggest-ever home repossession.City financier Robert Bonnier bought the home last year, near the top of the property market.British house prices have dropped by over ten per cent since, however - with high-end London property still more badly affected.Mr Bonnier, 38, worsened his exposure by taking out loans to put in a series of costly improvements, including a swimming pool and a home cinema.It is thought that he originally intended to sell the Holland Park property on for £15 million.However, the creditors have now stepped in, putting the home on the market for £10 million.Mr Bonnier has refused to comment on the forced sale.However, an agent who has worked with the millionaire told the Times that he did not think Mr Bonnier would be reachable."You only have to look to see what has happened to him to understand why the house has been repossessed," he added.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details