UPDATE 1-Homeserve says year started well, outlook unchanged

* Continuing policy growth, high renewal rates in core biz

* Sees gain of 8 mln stg in FY

* Sees additional income of 2 mln stg per yr

* Says well funded with low debt levels of 34 mln stg

* Has significant headroom on banking facilities (Adds details)

July 31 (Reuters) - British home insurance group Homeserve (HSV.L) said on Friday the year from April started off well with continuing policy growth and high renewal rates across its three core membership businesses, and its view for the year remained unchanged.

In the full-year ended March 31, the company expects a one-time gain of 8 million pounds ($13.21 million) tied to an insurance premium tax appeal in a UK High Court.

Homeserve said it would also have related additional income of 2 million pounds a year.

"As in previous years, the phasing of profits and policy growth will be weighted towards the second half reflecting the seasonality of our marketing activity and associated renewals profile," the company said.

Homeserve said it was well funded, with low debt levels, and had significant headroom on its banking facilities.

The insurer had 34 million pounds of net debt as of March 31.

Shares of Homeserve were down 1.5 percent at 1451 pence at 0706 GMT on the London Stock Exchange. ($1=.6054 Pound) (Reporting by Shivani Singh in Bangalore; Editing by Ratul Ray Chaudhuri)