The London-based lender, which soft launched in February 2024, has made an effort to set itself apart by providing longer-term fixed-rate mortgages with variable payment options, ranging from five to fifteen years.

The company's website states that it wants to provide homeowners "peace of mind because you know your monthly payments will not go up during that period" by making the mortgage application process "simple, fair, and transparent."

DMFCO, a Dutch company with over €28 billion in mortgage portfolio value, is the largest independent asset manager of Dutch residential mortgages and owns the start-up.

Similar long-term fixed-rate home mortgages are originated by DMFCO in the Netherlands under the MUNT Hypotheken brand, which it claims has lent to over 100,000 borrowers since its 2014 debut.

With Ohpen's technology, the company now aims to duplicate the success of its product in the UK market and further establish itself there.

Ohpen, an Amsterdam-based company, has partnered with a lender to assist its mortgage technology stack. The lender will primarily use Ohpen's modular core banking platform for loan origination, servicing, and credit monitoring.