Worries about tax increases cause a slight decrease in mortgage approvals in the UK in October, but the higher-than-expected number highlights the market's resilience.

Wise Finance APP learned that in October, the demand for mortgage loans in the UK slightly decreased due to potential buyers delaying their decisions out of concerns about the increased taxes on the UK real estate market in the budget. Data from the Bank of England on Monday showed that the number of mortgage approvals decreased from 65,647 in September to 65,018, which was higher than the economist's forecast of 64,500, indicating that the potential demand still remains resilient.