Better Home & Finance announces progress toward sale of Birmingham Bank
BETR•A buyer consortium escrowed £10 million for the Birmingham Bank sale, pending regulatory approval; Better expects the sale to increase pro forma liquidity to $140 million.
1. Sale progress
Better Home & Finance said a buyer consortium escrowed £10 million for the Birmingham Bank sale, pending regulatory approval. The company said the sale is expected to increase its pro forma liquidity to $140 million; Birmingham Bank’s tangible net asset value was £56 million ($74 million) as of Sept. 30, 2026.
