Do lower mortgage approvals spell doom for Lloyds Banking Group?

The UK housing market is showing definite signs of slowing, and if this continues it wouldn't bode well for big mortgage lenders for Lloyds (LSE: LLOY). However, "Ifs" and "Buts" abound...

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Owain Bennallack owns shares of Lloyds Banking Group. The Motley Fool UK has no position in any of the shares mentioned. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.