Genesis Mortgage Funding 2022-1 PLC is an RMBS transaction that securitizes a portfolio of owner-occupied and buy-to-let (BTL) mortgage loans that are secured over properties in the U.K. The loans in the pool were originated between 2018 and 2022 by Bluestone Mortgages Ltd., a nonbank specialist lender. This is the second RMBS transaction originated by Bluestone Mortgages in the U.K. that we have rated. The first one was Genesis Mortgage Funding 2019-1 PLC. The collateral comprises complex income borrowers, borrowers with immature credit profiles, and borrowers with credit impairments, and there is a high exposure to self-employed borrowers and first-time buyers. Approximately 4.4% of the pool comprises BTL loans and the remaining 95.6% are owner-occupier loans. The transaction includes a