SCHEDULE 3 HOUSING COSTS

F1The calculation for loans

10.

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 15 or 16 shall be calculated by applying the formula—

A×B52

where—

  • A

    the amount of the loan which qualifies under paragraph 15 or 16;

  • B

    the standard rate for the time being F2applicable in respect of that loan.