Loan crisis

Having just read all of this OP I just can’t believe how awfully you have been treated. I think it would be best for you and your daughter to cut your losses and load the horse up and return it. Godfather to your daughter or not the owner is playing you. Disgusting behaviour by her. Is there any possibility that she has been reading this tread and because she knows you really want to keep her she is playing you. There are many good horses out there right now and I am sure you could pick up something much nicer and without the issues. It is not your fault that there is no stable where she want to keep her. Hand the pony back. She wants the horse back after you have done all the work and over wintered in nice NOT.
 
Im sorry ring her say im on my way fetching mare back load mare and deliver back. I personally dont think she is immature but playing games . Return the mare straight away . but also a hug to you as was so happy when read you were buying her :(
 
Ridiculous, I am with the others who say you should turn up and make her choose between the cash or the horse. I agree she is playing games and being immature, by wanting everything her way and trying to get you to comply ! I had a loan pony once, schooled him up, put £2000 on his price and soon as the winter was over he was up for sale ofc, they then realised they had no rider to show him off to viewers so asked if I wanted him back for a short time! I just laughed at them and they had to sell him as seen from the field, as they were all 20 stone too heavy to ride a 13hh pony :p Such a common story, loan owners take the p*ss .
 
what a devious little (insert word of choice) playing games and thinking she can use you as a free livery over the winter!, i would indeed speak to the father but if nothing changes and she still won't sell now i would make it very clear that the mare will be returned at once as you won't have your daughters feeling played with. ohhh i'm quite angry on your behalf, how downright bloomin cheeky!!
 
Hoof_Prints said:
Ridiculous, I am with the others who say you should turn up and make her choose between the cash or the horse. I agree she is playing games and being immature, by wanting everything her way and trying to get you to comply ! I had a loan pony once, schooled him up, put £2000 on his price and soon as the winter was over he was up for sale ofc, they then realised they had no rider to show him off to viewers so asked if I wanted him back for a short time! I just laughed at them and they had to sell him as seen from the field, as they were all 20 stone too heavy to ride a 13hh pony :p Such a common story, loan owners take the p*ss .
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Not all of us are!! I wouldnt dream of doing this to my loaner!
 
It turns out that the actual owner as per passport is Dad.

We have agreed a year loan with option to buy at a reduced price £900 to reflect the work we have put into her.

Owner told dad she didn't want to sell to us straight away just in case my daughter grew out of her then we sold her on at a huge profit to someone and she wouldn't know where mare had gone. Incidentally I dont sell horses on, still have elder daughters first pony after 19 years.

As for growing out of her well my daughter is very slim but quite tall at 5ft 7 and almost 16 not sure how much more she is going to grow.

I have spoken to my daughter and she definitely wants to keep her. I offered to buy her something else, but she wants this mare more, she said that they just click........

So I am going to try this year, hope all goes to plan......not ideal really but going to get contact in writing regardless of how close we are.

Thanks for all advice and supportive comments.
 
mjcssjw2 said:
so it would appear this was money driven and she did want you to put the work in
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It would seem that way but its looks as if Dad has seen this straight away...Don't really want to wait a year but at least we wont be putting in all the work for someone elses benefit.
 
OP while it sounds good, these type of contracts aren't really worth the paper they are written on because of the large costs involved in enforcing them through the courts if the dad changes his mind in a year when he has to sell you something worth £3k for £900.
Why don't you suggest buying now with a contract that states they have first refusal for £900 should you ever decide to sell in the future - if that really is the only issue that should fix it.
How upset will your daughter be in another year if they change their minds?, and if they can't trust you to honour a contract - why should you trust them?
With all that's gone on I wouldn't be keeping and schooling their horse for them for another year - no matter how nice she is or what a contract says.
 
Lynsey&Smartie said:
I'm not sure what you can do other than offer to buy her or have a quiet word with her parents about how much your daughter likes her and how poor the market for foals is at the moment and hope that they can convince her that taking her back to breed from isn't a great idea.

If she won't change her mind I would be tempted to give the mare back now as I wouldn't want to keep a horse through the worst part of the year only to have to give it back in the summer and your daughter will bond with the mare even further the longer you keep it.
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this!!
 
I really like Polos Mum's idea. Offer to buy for £1800 now and if you ever intend to sell and the girl then decides to buy her back for £900, she will have received £900 for the mare. The exact price she is asking for according to the new loan agreement (if you decide to buy in a year's time).
 
Goldenstar said:
Well there is definatly a degree of risk but this man is Charmels daughters god father not a stranger.
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Agreed, but sadly even family can be pretty horrible to each other when money becomes involved, I am certainly on the cynical side but I personally wouldn't risk it. If push comes to shove, it's likely that the guy will side with his own daughter rather than his god daughter.
 
Polos Mum said:
OP while it sounds good, these type of contracts aren't really worth the paper they are written on because of the large costs involved in enforcing them through the courts if the dad changes his mind in a year when he has to sell you something worth £3k for £900.
Why don't you suggest buying now with a contract that states they have first refusal for £900 should you ever decide to sell in the future - if that really is the only issue that should fix it.
How upset will your daughter be in another year if they change their minds?, and if they can't trust you to honour a contract - why should you trust them?
With all that's gone on I wouldn't be keeping and schooling their horse for them for another year - no matter how nice she is or what a contract says.
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Agree with this.
These kind of agreements usually go tits up but if you've decided it's worth the risk then that's all there is to it really.
 
A year is plenty of time for the owner's daughter to organise buying the mare from her father, transfer ownership details on the passport, and sort out a spot on a livery yard. Meanwhile the mare is schooled on and presumably improved. Perhaps by the time the new loan period is up, the current owner's daughter will also have improved and be able to manage her. She may even be in full time employment with enough of a wage not to need parental support at all. People change.

Either buy the mare now, or involve the current owner's daughter in her care and training over the next year.

Perhaps she could come and ride and do yard chores etc once or twice a week. Not usual for a loan, but then you are very close friends with her family. There is always the off chance that this girl is regretting not being able for the mare herself. Involving her could let her become a better rider/handler etc, and would at least mean that your daughter is not left to do everything.

I sincerely doubt that they will want to sell the mare any more in a year than they do now. And given that your daughter will be off to university in three years, along with all the expense that brings, you may end up regretting buying her anyhow.

Get the owner's daughter involved and bring her on along with the mare. Could be the making of both of them. Given that you are so very close, this to me would actually be the right thing to do. Simply ask for the father to cover the veterinary insurance for the mare as you are covering everything else.
 
MadBlackLab said:
Agree with polo's mum
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I have been watching this thread with interest. i totally agree with polos mum. you could school the horse on further in a year and it then be worth even more and your daughter will be 10 x more attached and you could very well be in the same position again and it all the more upsetting for you and you
r daughter.
 
Im another with Polos Mum...
There is no way I would be trusting them to honour any kind of agreement after all thats gone on. If it were me I would insist on purchasing now or sending back...why wait a year..??? Sorry hon but the whole thing just sounds dodgy :(
 
mischamoo said:
Charmel said:
She wants us to keep her till summer QUOTE] I bet she does OP!!!!! I'd love for someone to pay my horse's keep throughout winter too!

Return the mare ASAP if an offer from you to purchase is rejected.
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Hmm and while your at it could you keep my 3 through the winter, then return to me (nice and fit and schooled) in the summer!!!
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