Talking about loans - Is This Feasible?

Maesfen

Maesfen

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Further to thread below, your thoughts on this please.

I have two three year olds and a two year old here, home bred that need to be sold sometime if ever the market picks up as although I don't want a fortune for them, I'm not into 'giving' them away either and I'm more than willing to keep them until the right home comes along; these aren't 'desperation' sales by any stretch of the imagination but I need to make plans for their futures.

I'm now almost mid sixties (shock horror, don't know how on earth that happened!) and although riding youngsters used to be my bread and butter, that's no longer the case especially as I haven't actually ridden at all for almost five years hence very out of practise with seized up geriatric feeling bones; not a good mixture for youngsters although I would give my eye teeth (still my own for the time being!) to have a cheerful safe soul to enjoy around the lanes again as I really miss the fittening road work I used to do with the hunters and pointers.

So, crux of the subject. Do you think there are people out there (have to be very experienced of course as I don't want delinquents being handed back to me at the end of the loan) that would enjoy having a youngster either with LVTB, a long term loan (2-4 years) or on a share of the profits if sold basis?

Yes, I know I will have to be extremely careful who and where they go to as I certainly don't want them ruined at all, would rather they slob around our fields than have that happen believe me. They could stay here for loaners if they wanted but I only have stables and some fields on a slope, no school at all although my vet coped very well when he broke Joey here but I know most would prefer a school of course at the least.

Opinions, helpful suggestions or even downright outright laughing at any of those, will be glad to hear from you please.
 
I am on a profit share deal with my loan horse. I had him from just broken as I do not have the facilities to back horses. I pay for everything but get a deal where if he is not good enough for what I want he goes back for hunting and I have had fun in the process or if someone offers over 5 figures he goes and I get profit share for putting all the work in.

But I know the owner very well. She knows I do as professional a job as I can for an amateur as I have big ambitions so its in my interests to produce this horse properly.
 
I think that would be entirely feasible. I have done both lwvb and loan with share of profits before. My coloured I took on as a LWVB at 3 years old, bought him a year later for the price we agreed he was worth when I took him on (ie unhandled and a bit of a sod!). The deal was that if I didnt want to buy, he would be sold and the difference between the final selling price and the price we agreed at the start would be my 'fee' for backing and bringing him on. During that year all costs were down to me, so I would have been unlikely to make much financial gain from him if I had decided not to purchase, but I love bringing on youngsters and it so happened that he has turned out to be my absolute superstar ;)
It can and does work well (for both parties!) as long as you pick carefully and have everything in writing!
 
I have just been offered a 3 yo on a similar basis to those you both describe, and I was very tempted until I realised, that Speedy is now 3 :eek: and will be backed over the winter, and although I know he won't be an ounce of bother, Mum and I are going to split the workload because I am busy with work and she is currently busy with Nin, so it doesn't make sense to get another one in!
I would think it will be easy enough if you are careful where you send them. And I would have one like a shot (if only Speedy hadn't grown up so fast!)
 
I do think there are people out there, we have a girl in the field next door who loans 2 youngsters and has had them for the last couple of years. She broke them in as youngsters and is doing really well with them. She has the option to buy if she wants to and is happy enough with loaning for now.

I guess like loaning any horse you'd need to be careful and have the right terms in any loan agreement :)
 
I'd be interested in something like that. I have a yearling and am now looking for something to buy 3-5 years old to have a play with a sell on (or quite possibly keep knowing me!) when yearling is ready for backing in a few years time. So would be interested in a loan knowing I could buy if I wanted or it could be sold.
 
The biggest problem is finding someone who is capable of breaking or riding youngsters, even though I am a pensioner, I have broken in four ponies [13.00 to 14.3] , but they were generally quiet types, taken exceedingly slowly with a lot of groundwork and loose schooling. I paid a girl to come and school the most difficult one and sent the last one to a showjumper [female rider, with a brother who rode him every so often] for three weeks [after he had had quiet hacking for six months on and off].
If you are like me, you will spend quite a lot of time sourcing the right person, it is difficult to get someone who does exactly what you want, and that is why I paid for the horses to be schooled in accordance to my instructions.
I did have a paragon of virtue during that time, who was sold [too many mouths to feed], but she would have been suitable for anyone to ride, and was a responsive little mare, so they do exist, so Maesfen, get yourself organised and go out and find a nice hack.
 
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Don't worry, I'll be very thorough when finding people, they will only go to people and places I thoroughly trust to do the best for them and have a similar mind set to my own in what we want from them. If I can't find those people, they'll stay here.
 
Yes, there are definitely people put there who enjoy that type of experience/challenge. If D1 didn't want to go off and be a vet (anyone know of any street corners where I might earn a few bob?), sorry, I digressed, I know she would enjoy it, and there must be many, many more people who are capable and keen.

Let us know how you get on with you thoughts/search.
 
If you can't find a suitable loan home, this might inspire.

I did a sort of 'profit share' (except she made the profit and I paid the expenses!!) with a girl and a 'rescue' pony I was too big to ride.

She was an ambitious youngster (a local groom), with no funds, so this gave her the opportunity to get the experience of having a horse, bring it on, competing it and finding it a good home. I had the joy of seeing both the horse and girl develop and eventually being sold to a really good home (it was essential we both approved the home it went to).

If you go down this route, the only thing I did do was have a written agreement to begin with on our relative responsiblities as there will inevitably be tensions and it helped to know where we were.
 
Canteron: that is exactly what I would like to do if I can.

Sadly, around us, most have their own land/horses and don't seem to struggle to find decent horses themselves; there just doesn't seem to be the sort that would love a rung up the ladder in this way which is quite frustrating, believe me!
I have a couple of PC/RC people to ask if they know anyone capable but without the finances to actually buy outright; will have to wait and see if that helps. I've also asked on our local horse forum and had a couple of replies, one quite hopeful on paper at least.

There's no great hurry; while the one gelding would be ready to break and take on gently, the filly would be better left not started until early next year I think.

Thanks for your input.
 
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