New to loaning

[Jenben]

Im thinking of taking out a part loan 2 days a week. Cost is £96 pm plus extra for feed hay etc. Horse is not stabled and has lived in field for 16 years. Owner wants 50% for additional farrier, dentist any meds etc. Also what happens if horse is injured on a day we do not loan? Is it fair to pay 50% vet fees? We have rider ins but what additional ins should we recommend. Just really need advice as im new to this. Thank you.

 

[SallyBatty]

Sounds expensive with all the additions for 2 days a week, especially for a field kept horse. My part loaner only paid £10 per day all in for 3 days a week for a horse on part livery. Vet and dentist costs are the responsibility of the owner - I've never come across part loaners having to contribute to them.

 

[Bionic Boy]

That does sound expensive. My sharer used to pay £120 pm all in for 3 days a week.

 

[Surbie]

Sounds expensive for 2 days per week and you shouldn't be being asked for extra for feed and hay. I'm also in the South East and the going rate seems to be £120-150 per month for 3 days riding and sometimes chores added in. I haven't heard of extra being asked for farrier etc, that's the owner's responsibility not the sharer's.

 

[teddypops]

I think the owner is chancing their luck! You get 2 days a week but have to pay 1/2 of everything? Vets fees etc should be the owners responsibility and they should have insurance for this. Look for another part loan!

 

[Skib]

Do not take on the vet fees for any horse that does not belong to you. It is an uninsurable risk, that is, only the owner can insure their horse and not the sharer.
Cost level depends on how near you are to London but £96 for 8 rides sounds belows the level. Both my shares have been £50-£60 per ride. And twice that, if I ride twice in a week. Look at the charges for hacking at your local riding schools (BHS registered). That level usually determines how much private owners charge.

 

[SussexbytheXmasTree]

I’ve been on both sides of sharing as this is what it is not a loan and it’s always a flat rate for the number of days plus a few chores if required. I’d give it a wide berth. It sounds like a poor set up with a delusional owner.

 

[Ample Prosecco]

Definitely avoid. A fee for the days riding, being expected to do jobs on days you ride etc are all standard. And even contribution to shoes maybe. But agreeing to pay 50% of totally unpredictable and possibly huge meds, dentistry or veterinary costs is crazy.

 

[Renvers]

Surely sharing fee would include the regular costs such as farrier and dentist? The vet's fees part would put me off . How would you know it doesn't already have underlying conditions that need or might need vet treatment? A sharer would likely not get insurance for vet's fees so you will be paying out of your own pocket.

As as you would likely have no say in the extent of an investigation into an issue as the vet would take instruction from the owner you would end up funding half of whatever the owner wants done. I am sure if someone was footing half the vets bill I would have a lot more vet time treating an issue than if I was paying it all myself!!

 

[pistolpete]

Agree with others. I had an agreement of £10 a ride. Didn’t ride didn’t pay but was only a walk/trot hack and nothing fancy. Thought that was very reasonable. Sadly pony lame now so looking again. Happy to pay up to £100 a month for two rides a week but won’t pay for anything vet fees farrier or anything else. Will do some chores happily.

 

[PinkvSantaboots]

That's a lot of money for 2 days a week and I wouldn't expect someone to pay half towards everything, £15 per day is reasonable for a share which is what it is for just 2 days a week.

 

[MiJodsR2BlinkinTite]

I have loaned my horse out but never done it as a "share" arrangement so I'm probably not going to be able to contribute much wisdom, other than to say that it is usually the owner's responsibility to insure the horse.

When I sent my horse to equestrian college I had to take responsibility for his insurance certainly.

Without wishing to P!ss on your Parade I think you'd need to go into the why's and wherefore's of the sharing/loan agreement you mention as there is a lot of ambiguity there. IF you intend going ahead with it then I think you should sit down with the loaner and put something on paper beforehand; even better get it drawn up legally with a solicitor and properly signed witnessed & dated.

Personally however my gut reaction would be to walk away from this set-up.