Nakato v Housing Finance Bank Limited and Another
Nakato v Housing Finance Bank Limited and Another (Civil Appeal 687 of 2021) [2022] UGCommC 130 (5 April 2022)
The Registrar's imposition of the 30% deposit condition was a proper exercise of discretion under Regulation 13 of The Mortgage Regulations, 2012. The appellant failed to provide sufficient evidence of undue hardship or inability to pay, relying instead on general assertions of illiteracy, family size, and lack of alternative accommodation. The court found no specific error in law or fact, nor any manifest injustice in the Registrar's decision. The statutory requirements for mortgages override traditional considerations for temporary injunctions, and the discretion to waive the deposit must b…
Source excerpt
- Mortgage Regulation
- Temporary Injunction
- Matrimonial Home
- Foreclosure Procedure
- Judicial Discretion