Better Home & Finance moves toward Birmingham Bank sale

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Go back to Better Home & Finance moves toward Birmingham Bank sale

Better Home & Finance Announces Progress Toward Sale of Birmingham Bank

October 5, 2026 5:30 PM EDT

Buyer consortium funds £10 million into escrow; upon regulatory approval, sale expected to strengthen Betters liquidity to approximately $140 million on a pro-forma basis as of September 30, 2026

NEW YORK--(BUSINESS WIRE)-- Better Home & Finance Holding Company (NASDAQ: BETR; BETRW) (Better, the Company, we, our or us) today announced progress toward the proposed sale of its wholly owned subsidiary, Birmingham Bank Limited (Birmingham Bank), to a buyer consortium.

The buyer consortium has escrowed £10 million related to the transaction. The transaction remains subject to regulatory approval and definitive documentation, as well as satisfaction of customary closing conditions.

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