Millionaire banker giving away his home, car and boat for £20

A newly divorced City banker is "giving away" his millionaire lifestyle complete with his home, car and boat in a competition that anyone can enter for £20.

Andrew Paul's five-bedroom home in an acre of Kent countryside has been valued at £1.1million and has a designer kitchen, cinema and games rooms.

His new Aston Martin DBS - James Bond's car of choice - is worth £160,000 and his Sealine 35 Sport motor boat £200,000.

The winner of the competition - which is running at www.winanewlife.com - can choose to take £1million in cash as an alternative to the prizes.

City equities trader Mr Paul, 38, claims he wants to give up the trappings of his millionaire lifestyle to "make a fresh start" after splitting from his wife of five years.

The father-of-one said his former marital home in Ightham near Sevenoaks now holds "too many painful memories" for him.

He added: "I need a clean break and the house is now too big for me anyway. I only use one or two rooms. I will just rent somewhere else instead.

"My wealth is self-made. I have worked hard my entire career and have been trading equities for the past 15 years. But now I want to slow the pace of my life a little.

"I have a four-year-old son and he and my recent divorce have changed my priorities. I like the idea of giving someone else the opportunity to live life to the full the way I have been doing.

"With the prizes on offer, the world really would be the winner's oyster.

"They are wonderful prizes that many people would want and the entry price is only the cost of a few drinks at the pub.

"I can't wait to see what a difference it will make to the winner. That's all the satisfaction I need."

Mr Paul's website offers entrants the chance to "beat the credit crunch blues" and "win a new life".

The blurb says: "Have you ever dreamt of owning a stunning detached house in its own grounds? How about an Aston Martin to park in the drive and a luxury Sealine 35 Sport for those jaunts along the coast?

"Give yourself the chance of a lifetime by entering our fabulous competition."

Entrants pay £20 per entry ticket and guess the location of the ball in a golfing picture. If he achieves maximum sales of 200,000, Mr Paul will rake in up to £4million, making a very healthy profit at a time when it might otherwise have been hard to sell his house.

The first prize includes £85,000 to meet legal fees and insurance costs for the car and boat in the first year.

There will be a lower cash prize if fewer than 150,000 tickets are sold.

The competition, which Mr Paul devised after taking legal advice, runs until 19 August.