The High Court set aside a Sh8.4 million refund award but upheld findings that the lender unlawfully varied interest rates and imposed charges not provided for in the mortgage agreement.
By
Joseph Wangui
Correspondent
Nation Media Group
Listed mortgage lender HFCB Kenya (formerly HFC, Housing Finance, HF Group) has secured a partial court victory after the High Court overturned an order requiring it to refund a borrower Sh8.4 million over a disputed mortgage account.
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