Applicable amount to be reduced by a sum equivalent to 20 per cent. of the specified amount.

The relevant fraction shall be obtained in accordance with the formula—

$\genfrac{}{}{0.1ex}{}{\mathrm{A}}{\mathrm{A}+\mathrm{B}}$

Half the amount which would fall to be met by applying the provisions of sub-paragraph (a).

Schedule 3, paragraph 6(1)(c)

Nil.

Schedule 3, paragraph 7(8)

100 per cent. of eligible interest.

Schedule 3, paragraph 8(1)(b)

Nil.

The weekly amount of housing costs is the amount calculated by applying the formula—

$\genfrac{}{}{0.1ex}{}{\mathrm{A}\times \mathrm{B}}{52}$

£100,000.

Schedule 3, paragraph 11(7)(a)

A sum determined by applying the formula—

$\mathrm{P}\times \mathrm{Q}$

.

The qualifying portion of a loan shall be determined by applying the formula—

$\mathrm{R}\times \genfrac{}{}{0.1ex}{}{\mathrm{S}}{\mathrm{T}}$

The standard rate is to be the average mortgage rate published by the Bank of England in August 2010. It is to be varied each time that sub-paragraph (2B) applies such that the average mortgage rate published on the reference day then becomes the new standard rate in accordance with sub-paragraph (2D).

Nil.

Schedule 7, paragraph 7

Nil.

Schedule 7, paragraph 8(a)

Nil.

Nil.