I have to say the horse has bolted on this already. This looks like a desperate move by an institution who have been proved in the past to react too slow to the economics of this state. The housing market particularly in Dublin, has already risen at double digit rates. Correct me if I'm wrong but one of the most significant triggers of the property crash was the amount of mortgaged property and land held by amateur landlords. This was as a result of reckless lending. Why should those who want to trade up their PPR be subject to these new rules if they already satisfy tougher new stress tests that the lending institutions have correctly brought in. Bring in 50% LTV for investors by all means. That would make sense. In addition having negative equity now means you are in an advantageous position to trade up!!! Really doesn't make sense. Too much of a one size fits all approach from the Central Bank who really are out of touch and too late to the party.