Does this loan sound trouble?

[JackDaniels1]

Have a young event rider interested in loaning my horse. She's at Brackenhurst and wants a horse on loan to take with her.

She came and tried her on the flat, liked her. She wants to come back and try her over some fences.

I spoke to her Mum on the phone and she wants me to pay for some of the horse's upkeep. She keeps telling me that the horse will benefit from this and when/if i come to sell her at the end of it, she will be worth a lot more.

The young girl is lovely and rode her beautifully and will no doubt do my horse good but i have to say the mother does put me off a little

 

[Gooby]

that isnt my understanding of a loan?! My friends horse is out on loan and she pays nothing except maybe insurance (im not sure) and i think they split the vet bills depending on the circumstances (e.g. vaccs or injury).

 

[ruscara]

It's hard to advise without knowing the people concerned, but to me a 'full loan' is just that; and I wouldn't expect the owner to pay towards the horse's upkeep, except perhaps for insurance.
The mother does sound rather pushy and arrogant (from what you have said) and I would personally be wary of entering into a share arrangement with her, if she sounds as if she would be wanting to call the shots.

 

[cellie]

Have to agree with everyone else.Loaned myself for my daughter and paid for everything even bought mare some rugs and tack and gifted it to owner.Sounds like pushy Mum to me.

 

[ihatework]

Very much depends on how good the girl is (inflated ego aside) and what it is you want from your horse long term.

Whats her BE record like?

 

[beaconhorse]

think I would avoid them like the plague. mother sounds not only pushy and would turn out that they were doing you a favour and may even push for more and more from you in the future. I have a bad feeling about it too, as in if she is that cheeky they wouldn't look after the mare as their own only one that could be sent home if they pushed too much and broke it

 

[flowerlady]

[ QUOTE ]
Have a young event rider interested in loaning my horse. She's at Brackenhurst and wants a horse on loan to take with her.

She came and tried her on the flat, liked her. She wants to come back and try her over some fences.

I spoke to her Mum on the phone and she wants me to pay for some of the horse's upkeep. She keeps telling me that the horse will benefit from this and when/if i come to sell her at the end of it, she will be worth a lot more.

The young girl is lovely and rode her beautifully and will no doubt do my horse good but i have to say the mother does put me off a little

[/ QUOTE ]

Is she living in at Brackenhurst? I know their livery is quite expensive. But if she is doing her BHS exams then she will be riding their horses why would she want to take a loan horse with her?

 

[Maesfen]

A loan is a loan with maybe the loaner paying the insurance premium but the owner doesn't normally contribute towards keep at all. I think mother is trying it on. Yes, the horse may benefit from the work put in but if the daughter only wants to loan only then that is her problem I think.

 

[welshied]

my horse is out on loan and hes an exracer and getting schooled on and competed in all discipline which will be putting his price up and i pay nothing at all, they pay stabling, insurance absoloutely everything you can think of

 

[Apercrumbie]

Well the owner of my loan horse hasnt paid me a penny since I had him 3 years ago. (Not that I'm complaining - he came with a gorgeous saddle and very very good rugs

) Be very firm with her and if she doesnt back down I wouldnt bother with them.

 

[Annagain]

He's your horse and you set the terms and conditions. It's up to them if they want to sign up to them, not the other way round! If the girl is away most of the time, her mum won't have too munch of an influence. If you want to see if they're serious, tell them the horse is for loan, not for share and they have to pay for everything. If they're serious about wanting it they'll agree to it, if not they'll say no.

 

[Orangehorse]

Have to agree, after all they are getting a nice horse at no financial risk to themselves.

You may benefit if the horse does well and increases in value, but you are taking the risk that it will be looked after and trained correctly.

 

[cariad]

I put my horse out on loan when it became obvious he was going to be too much for me (many years ago when he was 4/5 and he's now 19). My loaner took him to elementary level dressage which I never could have done, so in that sense he was worth more, but the thing was I knew I'd never sell him, so it was immaterial. She got the pleasure of bringing a horse on to that level and I enjoyed watching her do it. She paid for everything, though I would have helped out if I had to and we are still friends even though I now have the horse back.

I would steer clear of this mother, however nice the daughter is. The pleasure is bringing the horse on for your own satisfaction even if it's not yours; you know at any time the owner could ask for it back, but that's life. You've had some fun. The mother would seem to be depriving her daughter of opportunities by her attitude.

 

[diggerbez]

i would explain that a loan implies that the loaner pays for the horse- have a contract drawn up detailing this (e.g. if you are willing to say pay for insurance then write it all down)- yes admitedly the horse might increase in value it also might pull a tendon or something and become useless- just tell them that you are happy for them to have it on loan but if you were wanting to pay someone to ride then you would send them to a professional to compete....

 

[beutifulwobble]

If you do go a head get a vvvv tight contract drawn up stating exactly what is and isnt included and exactly what you are and are not going to pay for....... She does sound a little pushy and i do agree with diggerbez above as well.

 

[SpottedCat]

Completely depends.

I loaned my horse out for 6 months, and I paid for his BE and BSJA registrations, half of his vaccinations and all of his insurance. Loaner paid everything else.

If the girl has an excellent record and is likely to improve the horse's value and you are likely to want to sell, then I can see some benefit in you paying - but only if you want to sell and are prepared to do it as soon as she's got some decent results on him.

If not, then there will be other people who want to loan him and are prepared to pay all of the costs.

 

[Pedantic]

Whatever arrangement you come to put it in writing, she sounds pushy to me and likely to start changing aggreement after

 

[Tacita]

I have loaned out horses and loaned a horse myself. in each instance the person taking the horse has paid for eveything. The most important thing should be that everything is stated clearly in a contract. if you go on the bhs website they have a loan agreement you can download. I agree with previous replies, yes the loanee may add value to your horse but when eventing you also run the very likely risk that these competitions horses are at risk of getting injured in which case that mother sounds like she would be the first person to return to you an injured and worthless horse! so be careful stand your ground and dont be pushed into anything, a loan is a loan and a share is a share distinctly different things and they should remain that way otherwise it compliactes things. Daughter sounds lovely but shame about her obviosuly pushy ex pony club mother that most likely bosses the poor daughter about!