Buying a dental practice is the most significant financial decision most dentists will make — professionally and personally. Done well, it is transformational. Done without the right advice around it, the consequences can be serious and long-lasting.
Why it requires a coordinated approach
Practice purchase involves commercial lending, legal advice, practice valuation, specialist accountancy, and personal financial restructuring — all at the same time. The decisions on each of these interact with each other, which means having advisers who communicate with each other from the start is not just convenient. It is necessary.
At Mederi Mortgages, we work alongside Saroma for commercial practice finance and Runway Accountants for the accounting and tax review. We bring the right team together and ensure that your personal mortgage — and any business protection — is structured alongside the commercial picture rather than separately.
Business protection
Once you own a practice, the financial stakes change significantly. Key person insurance, business loan protection, and partnership protection all become relevant. We ensure these are part of the conversation from the start — not an afterthought after completion.
I am thinking about this in two years' time. Is it too early to talk?
Not at all. Understanding the landscape now and preparing your finances accordingly puts you in a significantly stronger position when the time comes.