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

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.

Better will sell 100% of its interests in Birmingham Bank for a gross consideration of 0.95x Tangible Net Asset Value as of the closing date of the sale. The Tangible Net Asset value of Birmingham Bank as of the end of September 30, 2026 was approximately £56 million, or approximately $74 million.