horse on loan - where do I stand?

I guess A or C would be my choice given that you have 2 young children. I guess the increase in his value is due to loaner competing him? I think you do need to force her hand on this as she is messing you around and I bet she will come up with the money. Hope it all works out.
 
Yes it's a loan, so she isn't paying anything just the keep of the horse, the price we agreed was his value when she had him not what he is now as she has done a lot with him over the 3 year loan period, I've drafted a letter and haven't offered the continuing loan option, and have reduced from 30 days to 15, I think that's fair enough, I'm worried now that she hasn't kept up the insurance! (That was part of the loan agreement she would pay for insurance) just thinking if she cant afford to buy him in instalments whether she had cancelled the policy! (She doesn't insure her other horses) Guessing I'm entitled to ask for proof? Jeeeees I find this so difficult! I really need to man up! If I was reading this as someone else wrote it id be like go get him asap!!! :-( can't believe I've left it so long, but with 2 little children it went to the back of my mind really as he is having a ball out competing, he's at novice/elementary and jumping 1.10 tracks so hoping I can find him a new loan home quickly because if he came back to me he'd be a very nice looking field ornament/happy hacker right now! Thank u so much for all your advise, really has helped x
 
LJW2709 said:
Yes it's a loan, so she isn't paying anything just the keep of the horse, the price we agreed was his value when she had him not what he is now as she has done a lot with him over the 3 year loan period, I've drafted a letter and haven't offered the continuing loan option, and have reduced from 30 days to 15, I think that's fair enough, I'm worried now that she hasn't kept up the insurance! (That was part of the loan agreement she would pay for insurance) just thinking if she cant afford to buy him in instalments whether she had cancelled the policy! (She doesn't insure her other horses) Guessing I'm entitled to ask for proof? Jeeeees I find this so difficult! I really need to man up! If I was reading this as someone else wrote it id be like go get him asap!!! :-( can't believe I've left it so long, but with 2 little children it went to the back of my mind really as he is having a ball out competing, he's at novice/elementary and jumping 1.10 tracks so hoping I can find him a new loan home quickly because if he came back to me he'd be a very nice looking field ornament/happy hacker right now! Thank u so much for all your advise, really has helped x
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So she can afford other horses but she can't afford to pay you the remainder of the money that you are owed? I'm afraid that this would change things for me and I would contact her saying that she has 48hrs to find the money or he would be coming back to his rightful owner and she could have the money that she had paid back. This doesn't sound like a woman that is hard up if she can afford other horses, whether she insures them or not and can go out competing on your horse, and to be honest OP, I think she is stringing you along.
 
A greed she is using you or just hS Her priorities wrong.
She has mode that one horse abs competes.
She is lucky she can afford to keep horses, Some people can't.
She needs to stop competing for a while, pay you then do as she pleases.

Give her a few days to pay up or return horse,be firm but fair, she cant treat you like this.
 
Sorry but i wouldnt give her any notice that I wanted the horse back I would just go and get it, if she wants the horse she will pay up soon enough. If you give her warning she could move the horse or seek legal advice and the answers she gets could well be different to yours. Draft a letter cancelling the loan, offer her the option to pay the remaining money and come and collect the horse. I wouldnt return what she has paid tbh. Just go get your horse, take people with you and your paperwork that you have incase the police are called.
 
A tricky one! I am sure you will have no probs finding a loan home. I think I may even know of one.

I can see why you want to give notice, as you have not "fallen out" with the lady, and the horse is well cared for. Maybe she does not realise how you feel? Maybe, as he was on a free loan, and you have been happy, she thinks that the £1750 is more than you would have had? Personally I think she is taking the P*$$, and need to have a wake up call, so I would send the letter you wish to, with 14 days notice if that is what you want.

If she is competing then it would be hard for the horse to disappear.

My reticence is due to imagining if I had a horse on long term loan, that was going well, that I had agreed to buy and had paid half for, that I saw as my own, and then someone turns up ina trailer to take away NOW. Never mind "grow a pair", if it were me I would freak out, emotions would run high. I hasten to add that if I owed money I would have paid it! But, I am trying to look at it from her potential emotional view.

I too am sure she will pay up. £3500 sounds cheap for a horse doing what it is, and you do not owe her anything for that increase in value, in the same way as she would not have owed you anything if he had been injured in the field. t was a risk you took to allow her free rein over your wonderful horse, and it has gone well, but equally could have gone the other way.

Good luck and keep us updated!
 
I would expect to buy a horse that I have brought on and competed for a good price in my favour. She has done the hard work for you but she should have negotiated that first. If he comes back to you then what you have to find him another home? So give her the option of paying smaller amounts monthly taking the horse back
So long as she can prove the insurance and he is looking good I would go see her and explain you like him being with her but you need the rest of the money and insurance proof whilst he is still yours. You are actually in a win win situation as you have the money, ownership of the horse and she is competing him so adding value. Be nice to her and ask her to send you photos she has competing him incase you need to sell. Also say your coming round for a chat and make sure she has insurance details to hand. Give her a timescale. Competing is expensive yes so let her carry on paying out but the horse loves it think of him as well x
 
If the horse is happy, well-cared for and going well, I don't see the point in taking the horse back just to loan out to someone else. (Would be different if you wanted him back for yourself or to sell on.) Surely that's just more hassle for you and can you guarantee he will be as happy in a new loan home? I'd offer the option of paying the balance ASAP and transferring ownership, or refunding what she has paid so far and continuing the loan (as long as she can provide proof of insurance).
 
I also need people need to consider the "turn up and take the horse away now" comments.

What would you do if you were a YO and some stranger turned up with a load of thuggish looking men and says I'm taking that horse away... I very much doubt you'd say yes he's in the field over there just help yourself
 
Yard owners should be made aware the horse is on loan when it arrives then it is not as much of an issue personally I would arrange a chat in person explain your position if they don't come up with an acceptable reason for lack of payments I would take your horse back
 
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