SCHEDULES

SCHEDULE 2 HOUSING COSTS

The calculation for loans

[F1 9.   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 14 or 15 shall be calculated by applying the formula—

where—

A

=

the amount of the loan which qualifies under paragraph 14 or 15;

B

=

the standard rate for the time being specified in respect of that loan under paragraph 11.]

Textual Amendments

F1 Sch. 2 para. 9 substituted (10.12.2001) by The Income Support (General) and Jobseeker’s Allowance Amendment Regulations 2001 (S.I. 2001/3651), regs. 1, 2(2)

Modifications etc. (not altering text)

C1 Sch. 2 para. 9(1) modified (8.4.2002 for specified purposes and with application in accordance with art. 1(2)(h)(5)) by The Social Security Benefits Up-rating Order 2002 (S.I. 2002/668), arts. 1(2)(h), 22(11), Sch. 15