Medics Money podcast Ep 305: Essential Financial Mistakes to Avoid for Medical Professionals (especially GPs!)
Jan 6, 2026
Ian Crompton, a seasoned healthcare finance expert and former Lloyds Bank executive, shares vital financial insights for medical professionals. He tackles common pitfalls like surgery valuations, the effects of rising interest rates, and the intricacies of ownership and succession planning. Ian emphasizes the importance of expert advice, especially regarding the risks of inheriting loans and navigating bank requirements. He concludes with key strategies to ensure smart financial decision-making for long-term stability in practice.
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Verify Valuations And Lease Health
- Check recent valuation timing before expecting a payout when partners change and be aware valuations can fall quickly.
- Keep lease and tenant arrangements current because lost tenants (e.g., pharmacies) cut income and valuations.
Surgery Valuations Follow Investment Yields
- GP surgeries are valued as investments with yields, not as residential houses or building plots unless explicitly developed.
- Rising interest rates increase expected yields which can reduce property valuations and partner buy-in payouts.
Use Secured Loans And Match Terms
- Choose secured lending where possible because secured loans are cheaper than unsecured alternatives.
- Match interest rate and loan term to yield and future partner affordability to avoid trapping successors.