Why the BMA rejected contract changes, financial risk for partners, plus ICBs and GP funding
Talking General Practice
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GP Partnerships - How to Attract New Partners
Interest rates have gone up suddenly, but the payment hasn't changed. The share of rent reimbursement each partner receives is unlikely to cover the cost of a buy-in loan with 9% plus interest. A new partner might be making a loss on that, which would have to be covered by profit on other elements of practice income. So it's a significant risk to take on if you're buying into a practice. Property prices have also been rising fast over recent years so the size of these loans is often really substantial.
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