loan with a view to buy contract

wench

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19 December 2005
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what should i/shouldnt i include in drawing up loan with a view to buy contract. Obviusoly price of horse if wanted!
 
Horse remains your property until the final installment
Horse to be fully insured for market value including loss of use for the period of the loan
I'd take a 20% non returnable deposit fairly soon into the loan period, to cover you for any lame horse that might be handed back at a minutes notice
Consider what activities you don't want the horse to do during loan (ie anything with a high risk of horse getting injured)
All tack equipment to be returned in good condition if not included in the sale.

Best to just adapt the BHS loan template
 
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