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Recently qualified Dentist receives magic touch from Wesleyan

Recently qualified Dentist receives magic touch from Wesleyan

Background

Dr Jonathan Westall was blessed with natural talent from an early age but his success owes as much to his determination to achieve the highest standards in everything he does.

Classically trained in piano and saxophone from the age of five, the versatile musician has performed in world class venues such as The Bridgewater Hall in Manchester and the Royal Festival Hall in London.

In 2002, Jonathan embarked on a new chapter as a professional close-up magician while studying Medicine at the University of Manchester, which saw him provide entertainment services at private, corporate and charity functions alongside world-class peers from The Magic Circle.

Upon graduation, he initially held a variety of medical positions working for NHS Trusts and a leading cruise line, however his decision to study Dentistry at King's College London ignited a new passion in his career.

"As I progressed through my course I became gripped by how fascinating modern dentistry is, from new clinical innovations to all aspects of managing a business specialising in patient care.

I originally wanted to become a facial surgeon but after speaking to my tutors my goal became to run my own dental practice," explains Jonathan Westall.

The challenge

After graduating with a degree in Dentistry, Jonathan completed his foundation training and gained valuable experience working for a dental practice in London. Following a meticulous search across the UK, he subsequently discovered a long established dental practice that was available to buy.

Jonathan's initial euphoria on identifying his dream business quickly subsided when he was given four weeks to secure a loan to progress the purchase.

Despite approaching over 20 financial lenders for assistance, he was turned away due to his perceived lack of experience and element of risk as a recently qualified dentist.

"Most lenders' criteria required me to be a graduate with a minimum of five years' experience and my background in medicine was not taken into consideration at all.

Being rejected due to falling outside of a set policy without having the opportunity to have a meaningful conversation was a frustrating experience," says Jonathan.

The solution

Seemingly devoid of options, Jonathan recalled his time as a junior doctor when he met representatives from Wesleyan, one of the UK's leading financial services providers dedicated to offering tailored advice and solutions to professions. A speculative enquiry resulted in an immediate response.

"A dedicated account manager from Wesleyan Bank contacted me on the same day and was prepared to listen and request further information about my plans. To my surprise, I received a follow-up call from the same person later that evening who said they were willing to do everything they could to help me.

It was such a nice, personal touch and I really appreciated that Wesleyan were prepared to go the extra mile," comments Jonathan.

Wesleyan Bank offer a comprehensive range of financial solutions to enable dental professionals to spread the cost of their investments over time. These include loans to facilitate dental practice acquisitions, commercial mortgages, partner buy-ins and buy-outs, specialist equipment and dental software, as well as surgery building refurbishments, fitouts and relocations.

The company was able to provide a six-figure loan over a period of 20 years with affordable monthly repayments to enable Jonathan to purchase Halton Road Dental Practice - a three surgery, predominantly NHS practice in Runcorn, Cheshire with a patient base of over 17,000. A Financial Consultant from Wesleyan subsequently arranged his life assurance cover.

In addition, surgery insurance cover to protect the dental practice against the loss, or damage to its building and contents, including interruption to the business or loss of income cover was sourced by Wesleyan's General Insurance division who carefully selected an appropriate policy from a selected range of providers.

"Buying a dental practice can present various challenges but the service I received from Wesleyan was faultless throughout the whole process and they were always on hand when I needed them.

Being able to turn to one company to fulfil all of my commercial and personal needs was very convenient and having shopped around it was also clear that Wesleyan's products are competitively priced," states Jonathan.

The results and benefits

Thanks to Wesleyan's support, Jonathan has been able to achieve a career ambition and he is now looking forward to fulfilling the business's significant potential.

This will include extending the practice building to offer more private treatments, investing in specialist equipment and new technology, as well as hiring more full-time staff to meet the rising demand from patients for new services.

"I would encourage all dental professionals to talk to Wesleyan. If they can help me, they can help anyone. They are extremely flexible, possess a can-do attitude and do not operate blanket policies unlike the majority of financial providers I encountered.

"I'm excited about the future and feel reassured that I can count on Wesleyan to help me to grow the business and offer me impartial and knowledgeable career advice as a bespoke lender to the dental sector," adds Jonathan.

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'WESLEYAN’ is a trading name of the Wesleyan Group of companies.

Wesleyan Assurance Society and Wesleyan Bank Ltd are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Wesleyan Financial Services Ltd, Wesleyan Unit Trust Managers Ltd, Practice Plan Ltd and DPAS Ltd are authorised and regulated by the Financial Conduct Authority.  Advice about investments, insurance and mortgages is provided by Wesleyan Financial Services Ltd.

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