Loan Types - Help?!

[b3auty]

I am looking to put my mare out on loan. She is a Welsh Sec D, 15'2hh.

I was completely mis-sold her as a novice ride as she is forward going when being ridden and full of beans. She would make an excellent competition horse as she can go forever and absolutely loves to jump. Or for someone who wants a horse to take them for miles and miles out hacking. She's a real gentle giant but just loves more of a fast paced way of life.

I love her too much to sell so just wondered about loaning options. I would definitely want her to stay at current yard so i could keep an eye on her from a distance.

What different types of loans options are there?

I know some people take the horse on free of charge and they then pay for everything as if it was their own or some people charge the 'loaner' a weekly or monthly fee which then covers the costs of everything. Which option is best and if you were to charge the 'loaner' a fee....what is do you charge? - Literally the an amount to cover the costs? I was thinking of putting her up for £110 p/m which includes all costs from livery to feed, to feet to dental.

Any help would be appreciated.

 

[YardGeek]

It depends how much influence you want over her day to day running and routine. If you want to be quite involved I would say charge a monthy fee to cover her costs, if you're happy for the loaner to be responsible then let them take all the cost on themselves.
Btw, £110 sounds really reasonable

 

[b3auty]

It depends how much influence you want over her day to day running and routine. If you want to be quite involved I would say charge a monthy fee to cover her costs, if you're happy for the loaner to be responsible then let them take all the cost on themselves.
Btw, £110 sounds really reasonable

Thank you. I think a monthly fee would suit me best until the loaner had her a while and I was confident she was being well looked after without my input. Thanks again.

 

[Wheels]

Well there's a full loan where the loaner takes on total responsibility for the horse, doesn't sound like you are ready for that though and from a personal point of view I don't see it's right to say the loaner has total responsibility if they can't choose their own suitable yard, farrier, vet etc. A part loan would be where you retain some of the responsibility and you could even still ride if you wanted, maybe a lesson once a week would help you out without having the pressure of having to ride every day.
Can I ask why you don't just sell the horse on to someone more suitable? I know that's a hard thing to do, been there myself but it sometimes makes the best sense

 

[q105]

I paid £140 a month to share. That was to ride on the two week days and one weekend day, and I had to muck out, make up feeds etc when I was at the yard. According to the contract, I had no responsibility towards the horse, but I ended up looking after him as if he were mine. The owner still rode him several times a week, and I was often requested to go to the yard at short notice to hold for farrier, wait for vet etc, and because the owner was such a dweeb, the YO ended up communicating mostly through me lol.

Whatever you decide to do, make sure you get a decent contract put together. If you aren't really sure what you want to achieve from the loan/share, say so in the beginning and explain fully to the loaner/sharer, so that you are always on the same page, so to speak.

The best share/loan experiences are those with communication!

Sounds like my kinda ride, btw, wish you were closer!

 

[b3auty]

So my £100 p/m is very reasonable then. Q105 - It is a shame u aren't closer! I am hoping someone else likes the quirky type too! She's beautiful. I will ensure a decent contract is written up too.

Wheels - I would just worry about where she'd end up. I may consider a 'loan with view to buy' but only with the right person.