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SCHEDULES

SCHEDULE 5N.I.Housing costs element for owner-occupiers

PART IN.I.General

InterpretationN.I.

2.  In this Schedule—

alternative finance arrangements” has the meaning as given in paragraph 7(2) of Schedule 1;

alternative finance payments” has the meaning given in paragraph 7 of Schedule 1;

joint owner-occupier” has the meaning given in paragraph 1(2);

loan interest payments” has the meaning given in paragraph 6 of Schedule 1;

owner-occupier” means a single owner-occupier within the meaning of paragraph 1(2) or each of joint owner-occupiers;

qualifying period” has the meaning given in paragraph 5(2);

relevant date” means, in relation an owner-occupier, the date on which an amount of housing costs element calculated under this Schedule is first included in the owner occupier's award;

relevant payments” has the meaning given in paragraph 3;

standard rate” has the meaning given in paragraph 12.