- It may force the main lenders to reduce their rates and some of their fringe costs.
- It may coax some vacant properties onto the open market as well as some of the private small time rental homes.
- It will make things easier for some people to escape from a long term rental trap.
- It will discourage sub prime lenders from entering the market.
However I can't see it being decisive enough to make a difference bar the last, which is something that the Central Bank can control to some extent everything. Also, given the chronic lack of housing in most sectors of the market none of these were badly needed acting upon and it will only serve to hurt the market in the mid term.