Switch to CoreFi from another broker network
You can move to CoreFi as a self-employed commercial finance broker operating under your own limited company. You keep a split of the commission CoreFi earns from the lender, starting at 55% on self-sourced deals and rising with lifetime commission earned. Before switching, check your current network or franchise agreement for notice periods and restrictive covenants. Income is variable and not guaranteed.
If you are already placing commercial finance through a network, franchise or master broker and are weighing up a move, this is written for you. It is not a pitch. It sets out what CoreFi is, how the economics work, and what you need to check before you do anything.
CoreFi is a platform for self-employed brokers who operate under their own limited company and place unregulated commercial finance to limited-company borrowers. There is no salary and no guaranteed income. What you earn is a share of the commission CoreFi receives from the lender on the deals you complete, and how large that share is depends on whether you sourced the deal yourself and on your lifetime commission earned to date.
The terms of your existing agreement matter a great deal. Read this alongside your current contract, not after you have already decided.
- 1
Read your current agreement first
Before contacting CoreFi, go through your existing network, franchise or master broker contract. Identify the notice period, any restrictive covenants, client non-solicitation terms and any restrictions on lender relationships or in-progress pipeline deals. If anything is unclear, take legal advice before you proceed. Do not plan to move clients or lender relationships you are contractually restricted from taking.
- 2
Apply and go through onboarding
Submit the CoreFi broker application. You will go through identity verification, a compliance review and onboarding steps covering your background, the deal types you place and your target market. This is a self-employed arrangement under your own limited company, not a job application.
- 3
Complete broker training and sign the agreement
Work through CoreFi's broker training, then sign the introducer agreement. That sets out your commission split, your compliance obligations and how you represent lenders and CoreFi to borrowers. This is the point at which you are cleared to submit deals on the panel.
- 4
Build from relationships you are free to bring
Serve out or agree your notice with your current network and observe your covenants. Bring enquiries and relationships you are not restricted from approaching into the deal CRM, run the matching engine and start placing deals. Your split rises as your lifetime commission earned grows.
How the CoreFi model actually differs
Most networks and franchises charge to get in: a joining fee, a territory licence, sometimes an ongoing royalty. CoreFi charges none of those. No franchise fee and no territory tied to a postcode.
What you get instead is the operational infrastructure. A curated lender panel with direct BDM contacts across asset finance, invoice finance, bridging, development finance and unsecured lending. A deal CRM with stage history and action queues. A lender-matching engine that scores your panel against real appetite data. Borrower onboarding packs handled digitally, and structured broker training. You bring the deals and the client relationships. The platform handles everything that would otherwise take years and serious capital to build yourself.
This is a self-employed business-to-business arrangement. You operate under your own limited company. There is no salary, no guaranteed hours and no employee benefits. Income is variable, depends on the deals you place, and can be nil in any given period.
The commission split, stated plainly
When a deal you have worked completes, CoreFi receives a commission from the lender. You keep a share of that commission. Not a percentage of the loan. Not a fixed fee. A split of what CoreFi actually earns from the lender.
On deals you source yourself, the split starts at 55%. It rises as your lifetime commission earned on the platform grows: 60% once you pass £50,000, 65% at £1,000,000 and 70% at £2,500,000. There is no cap on total earnings.
Where CoreFi provides the lead, the starting split is lower. Referrer-sourced leads start from around 45%; fully organic platform-provided leads start from around 35%. Your share grows the more of the deal you source yourself, and the more you place on the platform over time.
This is the agent model. It is separate from CoreFi's introducer arrangement, where a referrer takes a smaller slice for passing on a name. If you are placing deals and managing client relationships, this is the structure that applies to you.
A worked example, illustrative only
Take a bridging deal. The lender pays CoreFi roughly £7,500 of gross commission. On a self-sourced deal at the 55% entry split, your share of that single deal is around £4,125.
A different product, a different lender, a different deal size, and the number changes. Some deals pay considerably less. Some pay more. There is no guaranteed number of deals and no forecast income. Use this to understand the mechanics of the split, not as an expectation of what you will earn.
Check your existing agreement before you do anything
This matters more than any other step on this page.
Your current network, franchise or master broker agreement almost certainly contains terms that govern how you leave. Notice periods. Restrictive covenants. Client non-solicitation clauses. Restrictions on lender relationships or panel access you built up under that agreement. Some agreements also restrict what you can do with deals already in your pipeline.
We do not encourage anyone to breach an existing contract. If your agreement says you cannot solicit certain clients after leaving, that applies. If there is an anti-circumvention clause covering lender relationships, that applies too. The clean route is to serve your notice, honour your covenants, and build your CoreFi pipeline from relationships and deals you are genuinely free to bring.
If a clause is ambiguous, get it checked by a solicitor before you act on it. That cost is worth it.
The regulatory position
Broking unregulated commercial finance to limited companies does not require FCA authorisation. That covers most of what experienced SME brokers place day to day: unsecured business loans, asset finance, invoice finance, bridging and development finance to limited-company borrowers. CoreFi is not FCA-authorised and does not need to be for this model.
Where it changes: broking to sole traders or partnerships can require FCA permission even for otherwise-exempt business loans, under Article 36A(4) of the Regulated Activities Order. Regulated products, including consumer credit and residential mortgages, always require FCA authorisation or an appointed representative arrangement, whatever the borrower type.
If you currently place those products through an appointed representative arrangement with your existing network, understand clearly what happens to that permission when you leave. Your AR permission belongs to your current principal; it does not transfer to you. CoreFi's training covers where the unregulated boundary sits, but it cannot substitute for permissions you no longer hold.
Frequently asked questions
Can I bring my existing clients across?
Only the ones you are contractually free to approach. Most network and franchise agreements contain non-solicitation clauses that restrict which clients you can take when you leave. Check yours, take legal advice if needed, and do not move clients you are restricted from soliciting. CoreFi does not encourage breaching an existing contract.
Is this a salaried role?
No. It is a self-employed B2B arrangement. You operate under your own limited company. There is no salary, no guaranteed hours and no employee benefits. You invoice for the commission you earn. Income is variable and can be nil in any period, because it depends entirely on the deals you place and complete.
How is the commission split structured?
You keep a share of the commission CoreFi earns from the lender on each funded deal. Not a cut of the loan amount. Not a fixed fee. A split that starts at 55% on self-sourced deals and rises with your lifetime commission earned to 60% (£50,000), 65% (£1,000,000) and 70% (£2,500,000), with no cap. Leads that CoreFi provides carry lower starting splits, from around 45% on referrer-sourced and around 35% on fully organic platform leads.
What happens to my FCA appointed representative status when I leave my current network?
Your AR permission belongs to your current principal, not to you. It does not transfer. Broking unregulated commercial finance to limited companies does not require FCA authorisation, so the core CoreFi model is unaffected. But if you currently place regulated products under an AR arrangement, you lose that permission on exit. Understand this before you move, and do not place regulated deals through CoreFi without the appropriate permissions in place.
Do I have to honour my notice period?
Yes. Your existing agreement will almost certainly specify a notice period and may impose covenants that continue after you leave. Give proper notice, observe any restrictions, and build your CoreFi pipeline from deals and relationships you are free to bring. A clean exit takes a bit longer, but it saves you the mess later.
How much might I earn after switching?
There is no figure we can give you honestly. Income depends on the deals you place, the lenders involved and the commission each generates. As one illustration: a bridging deal generating roughly £7,500 of gross lender commission to CoreFi pays about £4,125 at the 55% self-sourced entry split. That is one deal, one product, one lender. Actual results vary and there is no guaranteed number of deals.
Is there a joining fee or franchise cost?
No. No franchise fee and no territory licence. You keep a growing split of the lender commission on the deals you complete; that is the entire commercial relationship.
Thinking of making the move?
Check your current network or franchise agreement first. Then apply to join CoreFi as a self-employed broker under your own limited company. You keep a growing split of the lender commission on every deal you place, with the panel, platform and training behind you. Income depends on deals placed and is not guaranteed.
Apply to CoreFi