The Jobseeker’s Allowance Regulations 1996

The calculation for loans

[F1 9.   The weekly amount of existing housing costs or, as the case may be, new housing costs to be met under this Schedule in respect of a loan which qualifies under paragraph 14 or 15 shall be calculated by applying the formula—

where—

A

=

the amount of the loan which qualifies under paragraph 14 or 15;

B

=

the standard rate for the time being [F2 applicable in respect of that loan].]

Textual Amendments

F1 Sch. 2 para. 9 substituted (10.12.2001) by The Income Support (General) and Jobseeker’s Allowance Amendment Regulations 2001 (S.I. 2001/3651), regs. 1, 2(2)

F2 Words in Sch. 2 para. 9 substituted (28.11.2004) by The Social Security (Housing Costs Amendments) Regulations 2004 (S.I. 2004/2825), regs. 1(2)(a), 2(3)(b)

Modifications etc. (not altering text)

C3 Sch. 2 para. 9: sum maintained (coming into force in accordance with art. 1(2)(j)(ii) of the amending S.I.) by The Social Security Benefits Up-rating Order 2013 (S.I. 2013/574), art. 1(2)(j)(ii), Sch. 12