April taps Dutch fintech Ohpen to power its UK mortgage offering
Fixed-rate mortgage provider April Mortgages has partnered with Dutch core banking technology firm Ohpen to power its lending operations in the UK market.
April Mortgages partners Ohpen
Soft launched in February 2024, the London-based lender has sought to differentiate itself by offering longer term fixed-rate mortgages paired with flexible payment terms ranging from five to 15 years.
According to its website, the firm aims to make the mortgage process “simple, fair and transparent”, giving homeowners “peace of mind because you know your monthly payments will not go up during that period”.
The start-up is owned by Dutch firm DMFCO, which is the largest independent asset manager of Dutch residential mortgages and currently boasts a mortgage portfolio valued at over €28 billion.
DMFCO originates similar long-term fixed-rate residential mortgages in the Netherlands via its brand MUNT Hypotheken, which it says has lent to more than 100,000 customers since its launch in 2014.
The firm now hopes to replicate the success of its product in the UK market and further establish itself in the country with the help of Ohpen’s tech.
As part of its latest partnership, Amsterdam-based Ohpen will support the lender’s mortgage technology stack with its modular core banking platform, which is to be specifically applied to loan origination, servicing and credit management.
