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This week is the third in our short series about GP premises. Ben talks to Ian Crompton, the Head of Healthcare Banking at Lloyds Banking Group. Ian describes the relationship that the bank has developed with GP practices and a range of specific issues relating to premises including the concept of “last man standing”, the options for new partners and the difference between owner/occupied and investment properties. He gives his views on the formation of property companies and ways in which GPs can protect themselves and their investment.

Show Notes

Ian establishes a healthcare division in Lloyds Bank (43secs)

The scale of the operation (1min 27secs)

GPs and the bank (1mins 52secs)

What happens when a practice needs more money (2mins 45secs)

The banks view on GP property (4mins)

Are premises still a good investment? (5mins 02secs)

The fear of “last man standing” (6mins 42secs)

New partners and buying in to property (7mins 39secs)

The banks view on lending against property (10mins 28secs)

Valuation and security (11mins 44secs)

Owner/occupied and investment properties (12mins 28secs)

Complicated arrangements – get a lease (14mins 18secs)

Property companies (16mins 17secs)

Meetings with accountants, lawyers, valuers and the bank (18mins 59secs)

Getting in touch with Ian directly (20mins 14secs)

Ian’s mobile number is 07802 750707

The bank’s website is www.lloydsbank.com/healthcare