The calculation for loansE+W+S
11. 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 16 or 17 are to be calculated by applying the formula—
where—
A = the amount of the loan which qualifies under paragraph 16 or 17; and
B = the standard rate for the time being applicable in respect of that loan.
Modifications etc. (not altering text)
C1Sch. 6 para. 11 applied (with modifications) (5.1.2009) by The Social Security (Housing Costs Special Arrangements) (Amendment and Modification) Regulations 2008 (S.I. 2008/3195), regs. 1(3), 9(e) (with reg. 8)
C2Sch. 6 para. 11 sum maintained (coming into force in accordance with art. 1(2)(j) of the amending S.I.) by The Social Security Benefits Up-rating Order 2014 (S.I. 2014/516), arts. 1(2)(j), 22(1)(5), Sch. 15