The calculation for loansE+W+S
11. [F1The weekly amount of [F2existing housing costs or, as the case may be, new housing costs] [F2housing 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.]
Textual Amendments
F1Sch. 6 paras. 11-14 omitted (with effect in accordance with regs.19 - 21 of the amending S.I.) by virtue of The Loans for Mortgage Interest Regulations 2017 (S.I. 2017/725), reg. 1(2)(a), Sch. 5 para. 1(c)(vii)
F2Words in Sch. 6 para. 11 substituted (1.4.2016) by The Social Security (Housing Costs Amendments) Regulations 2015 (S.I. 2015/1647), regs. 1, 4(2)(e) (with reg. 8)
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)(m) of the amending S.I.) by The Social Security Benefits Up-rating Order 2017 (S.I. 2017/260), arts. 1(2)(m), 26(1)(5), Sch. 15