UK mortgage approvals are down which means fewer people are getting one. What does this mean? How does it affect the economy? First of all fewer houses will be sold. There will also be fewer people trying to pay back loans. This could affect rates on mortgages for those who do get one. It could also affect investors’ holdings. It’s important to try getting a mortgage if you want one but this shows you can’t be sure of getting one.

Read more: U.K. mortgage approvals fall again in April – MarketWatch – MarketWatch