SCHEDULE 5Housing costs element for owner-occupiers
PART 1General
Interpretation2
In this Schedule—
F1“alternative finance arrangements” has the meaning given in paragraph 6(2) of Schedule 1;
“alternative finance payments” has the meaning given in paragraph 6 of Schedule 1;
“joint owner-occupier” has the meaning given in paragraph 1(2);
“loan interest payments” has the meaning given in paragraph 5 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);
F2“relevant date” means, in relation to 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.