SCHEDULE 4Direct payments to qualifying lenders
Determining the amount to be paid to a qualifying lender: more than one qualifying loan
3.
Where more than one qualifying loan or alternative finance arrangement has been made to a claimant by a qualifying lender, the amount that is to be paid direct to the qualifying lender is to be calculated as follows.
Step 1
Calculate an amount in accordance with Steps 1 and 2 of paragraph 2(1) in respect of each of these loans or alternative finance arrangements.
Step 2
Add those amounts together.