Regulation 7 Repayment interest rate
The repayment interest rate for the purposes of section 161 of the TCM Act is the higher of—
(a)
0.5% per annum; and
(b)
the Bank of England rate.
The repayment interest rate for the purposes of section 161 of the TCM Act is the higher of—
0.5% per annum; and
the Bank of England rate.