Buying a horse. Pay loaner or owner? Best payment methods.

lhotse said:
If the money has gone from your account, the the cheque must have put into someone's bank account. With my account, as soon as the cheque is processed, it will take the money, even though it won't clear for 5 days so doesn't effect overdraft fees, then once it clears, it will show on the statement. Sounds to me like they are trying to do you over.
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This is not true of a bankers draft. The money leaves your account when you draw it, the money does not go into the recipients bank until they present it.
 
It was a bankers cheque direct from my Santander account so I no longer have the money. Made payable to owner. As requested. She wouldn't travel on day of pick up as a long distance. Understandable. Ive looked on line and post office said still with them. It's recorded delivery at 1.72 in cost. I've sent copy of proof to owner. My worry if it has got lost then my bank will only cancel if I can prove its lost and recipient can only cancel cheque not me by going to her bank and advising she doesn't want the money. I'm praying it arrives tomorrow.
 
exracehorse said:
It was a bankers cheque direct from my Santander account so I no longer have the money. Made payable to owner. As requested. She wouldn't travel on day of pick up as a long distance. Understandable. Ive looked on line and post office said still with them. It's recorded delivery at 1.72 in cost. I've sent copy of proof to owner. My worry if it has got lost then my bank will only cancel if I can prove its lost and recipient can only cancel cheqItt me by going to her bank and advising she doesn't want the money. I'm praying it arrives tomorrow.
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That's good news, at least they aren't recording it as delivered. And breathe ......
 
jrp204 said:
cptrayes said:
Guys, read the thread before replying, it's only short.[/QUOTE

Is that a wrist slap?
OK, I haven't read it correctly, so what, maybe someone else will read what I wrote and think 'hey, that's not a bad idea' or they will totally disregard it. Who cares?
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Why bother to reply to threads if you can't be bothered to read them properly.
You may not care but I do. Its annoying to those following the thread and must be so irritating to OP to have explained the situation and then get people posting pointless advice.
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Insure the horse from the day you post the check....

Paying by check is pretty common here. Once the check clears the horse is yours.... If it dropsdead its your problem.... Same as if it died in the float on the way home or a week after you bought it.

If your concerned about the care between the check clearing and pick up, put it on full care where it is till you go collect it.
 
ribbons said:
jrp204 said:
Why bother to reply to threads if you can't be bothered to read them properly.
You may not care but I do. Its annoying to those following the thread and must be so irritating to OP to have explained the situation and then get people posting pointless advice.
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Agreed!

OP hope it is ok, post is definitely slower at the moment so not your fault it hasn't yet arrived.
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OP, walk away. Unless you meet the owner or a well known professional that you have checked out thoroughly I would not even entertain this idea of doing this.

The loaner may seem lovely. So do all people that end up letting us down so "lovely" means jack all in this kind of situation. If you knew the loaner previously or at least lots of mutual friends and references, possibly things could be different, but it sounds like you just know them through the viewing of this horse and of course the loaner will be fab about being there for viewings...they are selling a horse, they want you to view and be there.

Honestly, how do you know that the person you spoke to on the phone is the owner?

If...and only IF I were to entertain something like this, I would be having the owner send me a copy of their passport or driving licence photo section, signed by their GP with the GP details and I would want that well in advance so that I could verify it with the GP myself. I would want a letter from the owner signed by the GP or a professional (preferably solicitor) that stated the terms of sale. All details would have to match the passport and I would want the same for the loaner. To do this though, I would also require references from the vet to say that they know the owner and loaner and and there history of the horse is correct.

So....either they jump through hoops or I would walk away. There is too much risk here when there are plenty of other horses out there.
 
Jinglesmells you have a very suspicious mind, the OP has now taken the horse home and sent a bankers draft so it is rather irrelevant anyway, but you are expecting an awful lot of detail from both the owner and loaner to try and verify that the horse is genuinely for sale.

I sell a few horses for clients in a very small way so have no website or facebook to check on and have never been asked by the purchasers for proof that the horse is mine to sell, they take it at face value come and try, agree to buy and collect the horse paying me , frequently in cash, the cash then gets given to the owner, I cannot think of many times that the buyer meets the owner yet have never been questioned in detail or asked for personal details of the owner, the payments do sometimes go to the owner through bank transfer.

Either I must seem very honest, which I am, or the buyers have less suspicious views of the horseworld in general, I like to think it is both and that selling nice horses brings out the best in people, I had one go yesterday to it's new home, the former owner is over the moon to have a very quick sale with no complications.
 
Just wanted to add when I bought H he was bought from someone acting on behalf of the owner. In fact his previous owner was of such prestige that I was only allowed to deal with the seller and his financial advisor. The seller owned H's brother and had been looking after him on full livery for a year when the owner decided they didn't want the hassle of a horse they'd only seen a handful of times and so it was decided he would be sold.

Fortunately my YO knew the owner of the yard he was at when I bought him, so I never felt the need to verify things and took it all at face value. I've had him just over 18 months now and have had no issues or complications whatsoever, so it's not always a red flag if someone is selling on behalf of the owner.
 
Eat said:
Jinglesmells you have a very suspicious mind, the OP has now taken the horse home and sent a bankers draft so it is rather irrelevant anyway, but you are expecting an awful lot of detail from both the owner and loaner to try and verify that the horse is genuinely for sale.

I sell a few horses for clients in a very small way so have no website or facebook to check on and have never been asked by the purchasers for proof that the horse is mine to sell, they take it at face value come and try, agree to buy and collect the horse paying me , frequently in cash, the cash then gets given to the owner, I cannot think of many times that the buyer meets the owner yet have never been questioned in detail or asked for personal details of the owner, the payments do sometimes go to the owner through bank transfer.

Either I must seem very honest, which I am, or the buyers have less suspicious views of the horseworld in general, I like to think it is both and that selling nice horses brings out the best in people, I had one go yesterday to it's new home, the former owner is over the moon to have a very quick sale with no complications.
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I hold my hands up, I missed the last page so hadn't realised it was resolved.

I do have a suspicious mind. I am always 100% open in what I do and I have developed over the years into someone that worries if I don't see that straight away in others. It is my problem though so I shouldn't put it on anyone else really. I just have a very skewed view of sales that aren't straightforward as I've seen so many that have turned out to be bad and the fallout that ensues.

OP - my apologies for missing a page and I am very glad you have got it all sorted out and wish you all the best with your new horse....just in time for Christmas, how wonderful :) xx
 
It's a nightmare. Owner not happy at all. Still not received cheque. Online post office says very little other than I did post something recorded delivery to the post code. Ive emailed copies to owner. Spoke to my bank. If it is lost then I can't cancel it. I have to have proof its lost and owner has to write a letter confirming she does nt want it. The money is no longer in my account obviously. I'm not letting the horse go. I'm worried it could get nasty. It should have arrived in 24 hrs.
 
Sorry - I am confused…..if the cheque has not been received, then it can't have been cashed, therefore the money should have not left your account….

Or have I missed something?
 
L&M said:
Sorry - I am confused…..if the cheque has not been received, then it can't have been cashed, therefore the money should have not left your account….

Or have I missed something?
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it's a banker's draft, not a normal cheque.

OP what a nightmare, how long before you can contest it with the PO? They usually have an amount of time for something to go missing before you can complain. They will have to get a signature?
 
exracehorse said:
It's a nightmare. Owner not happy at all. Still not received cheque. Online post office says very little other than I did post something recorded delivery to the post code. Ive emailed copies to owner. Spoke to my bank. If it is lost then I can't cancel it. I have to have proof its lost and owner has to write a letter confirming she does nt want it. The money is no longer in my account obviously. I'm not letting the horse go. I'm worried it could get nasty. It should have arrived in 24 hrs.
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I am afraid legally you will have to let the horse go if they ask you to. Otherwise you could be charged with theft one of the joys of dealing with a third party im afraid.This had trouble written all over it from the first post.
Did you not think of having the total amount insured with the post office.
At least you know the owner is being straight with you they have had to trust you more than you have them. At the of the day so far all theyt know is you sent an envelope that has not arrived ,for all they know it may have been empty.
If they are adamant about having the horse back you could try and compromising and ask if the horse could be put in the keeping of somebody mutually acceptable to you both until it is resolved.
 
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I thought it would just arrive
It was recorded delivery
Im not giving her back. Id go through the courts first. I'm going to the bank tomorrow to see how I stand if it's lost in the post. Post office as well.
 
ribbons said:
jrp204 said:
Why bother to reply to threads if you can't be bothered to read them properly.
You may not care but I do. Its annoying to those following the thread and must be so irritating to OP to have explained the situation and then get people posting pointless advice.
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Well sorry, miss perfect know it all.
I did read the install thread and answers it.
No it didn't read the replies.

I replied and answered the question.
I didn't check the date and realise there was more to the story and a follow up.

I will get on my knees , apologies, kiss feet etc ........
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I've never heard of a cheque that can't be cancelled.

Have the post office tried to deliver?

If you refuse to return the horse (if payment not received) you will loose any court case.
 
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exracehorse said:
I thought it would just arrive
It was recorded delivery
Im not giving her back. Id go through the courts first. I'm going to the bank tomorrow to see how I stand if it's lost in the post. Post office as well.
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What are you going to do if the police turn up because I can assure you they will take her as you have admitted that you have not paid for her! It is not the owners fault they have not received your money and why should they be out of pocket. Did the post office not ask the value of what you were sending? Iin my experience they usually do. For future reference use special delivery and not recorded as you have more protection.
 
Go to the post office first and explain the situation, they might be able to see where it is (they require signature I think for special delivery). If it's lost, then perhaps send regular check to owner and ask them if they would be kind enough to wait until bankers draft is cancelled to cash it.

Amymay, it's a bankers draft, not regular check.

ETA: or if you have enough money on your account and trust the seller not to have received the letter, your best bet is a bank transfer.
 
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