British homebuyers have not been put off by the recent turbulence in the global financial markets.

The problems in the US sub-prime market and the resultant credit crunch have left some analyst worried about Britain's house prices.

But according to fairinvestment.com, the price comparison website, interest in mortgages among first-time-buyers remains robust.

"Britain's love affair with the property market is far from over, despite the recent dip and the gloomy forecasts for the next few years," said James Caldwell, director of fairinvestment.co.uk.

"Our figures suggest that while overall there have been fewer mortgage enquires since the first quarter of 2007, first time buyers are still keen to seek out a deal and are fully prepared to opt for 100 per cent mortgages if it means getting their own home."

The US Federal Reserve last night cut interest rates to give the economy a boost, but the Bank of England is unlikely to follow suit next week.

Homeowners have been warned that the UK faces further devastation from flooding in the future, an announcement which could have an affect on the cost of home insurance.A report from the Environment, F...

The Association of British Insurers (ABI) has called on the government to improve drainage systems in a move which could impact on home insurance premiums.According to the ABI, currently 80,000 proper...

Homeowners who are renovating or improving their properties may invalidate their home insurance cover by giving workmen a key to the premises, an industry expert has warned.Debra Williams, managing di...