Chetwood Funding 2024-1 PLC (CF 2024-1) is a static RMBS transaction that securitizes a portfolio of first-lien buy-to-let (BTL) mortgage loans secured on properties in the U.K. The loans in the pool were originated between 2016 and 2023, with most originated in 2022 and 2023, by Landbay Partners Ltd. (41.7%), Paratus AMC Ltd. (under the brand name Foundation Home Loans; 25.5%), LendInvest BTL Ltd. (21.3%), and Topaz Finance Ltd. (under the brand name Zephyr Homeloans; 11.6%). All four originators are nonbank specialist lenders and we have rated transactions featuring all four originators previously. The seller, Chetwood Financial Ltd., is a digital U.K. retail savings bank and acquired the mortgages prior to closing through a combination of forward flow agreements and