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I'm being [over] cynical about the current government. Their stated intention and actual intention are mostly different...
'Amateur' landlords in need of bank borrowing to fund their purchases, who are the aspirational middle class I referred to, were the target, not the market as a whole. The policy was specifically designed to make property investment less attractive to them without harming the big investors who buy with cash.
The 15 or over exemption was utterly amazingly blatant.
Hefty
@Airhead
You're right about the other effects, however I was focusing on what the government would do about stalling the market, which I maybe incorrectly assumed was what UK meant in the comment I was replying to.
I was quite sure the stated intent of the policies was to reduce over heating. I work in London fixing properties so probably see private landlords as a bigger part of the market than they are. I don't agree at all with the aspirational middle class bit, maybe I don't understand who they are or how it would 'keep them in their place'.