21(1)The qualifying payments condition is met in relation to a qualifying loan if, during the relevant period—U.K.
(a)payments have been made to the lender in respect of the repayment of the principal of the loan, and
(b)the payments have been made at intervals not exceeding 53 weeks.
(2)The “relevant period” in relation to a loan is the period beginning with the making of the loan and ending with the making of the application.