Better Home & Finance Reveals Progress Toward Sale of Birmingham Bank; Sale Expected To Increase Better's Liquidity To $140M Pro-Forma As Of Sept 30, 2026

Better Home & Finance Holding Company (NASDAQ: BETR) is progressing toward the sale of its subsidiary, Birmingham Bank Limited, with a buyer consortium having escrowed £10 million for the transaction. Upon regulatory approval, the sale is expected to enhance Better's liquidity to approximately $140 million on a pro-forma basis by September 30, 2026. Better will sell 100% of its interests in Birmingham Bank for a gross consideration of 0.95 times its Tangible Net Asset Value, which was approximately £56 million (about $74 million) as of September 30, 2026.