Mortgage approvals fell in March

Fewer mortgages were approved by banks in April. Mortgage transactions decreased in April as lending activity failed to rise. The number of mortgages approved by lenders fell to a record low in April, according to figures revealed by the Bank of England. Just 45,166 mortgages were secured, marking the lowest April figures since records began almost 20 years ago.  The total approvals were also down by 4% from the previous month.