Your Local Independent 182

June 2024 Page 3 AD SALES 01204 478812 NEWS IN BRIEF YOUTH sessions are being provided every Friday evening for Westhoughton young people aged 13 to 17, thanks to town council funding. The sessions, provided by Bolton Council Play and Youth Service, take place at John Holt Community Centre from 6.30pm until 8.30pm. They are free of charge and run by qualified staff. HORWICH First Community Litter Pickers organised a tidy up session for the town that included a spot of painting. A GROUP of “amazing” Westhoughton people have been awarded for their community efforts. Outgoing mayor Deirdre McGeown handed out the civic awards on behalf of the town council. Jayne Caldwell and Annaliese Sims were jointly awarded the Citizen Award for their work running the 23rd Rainbows and 12th Bolton Brownies at St Bartholomew’s School. WORK is continuing to complete the building of Horwich’s new health centre with reports it should begin seeing patients by the summer. PLANS have been unveiled for a ‘Pump Park’ in Hor- wich to help the town’s teenagers keep active and have fun. The idea of Horwich and Blackrod First Independents Group (HBFI), the facility would add to the features at Station Park. It would sit alongside an amphitheatre seating area for teenagers to meet in a safe space covered by lighting and CCTV. A HBFI spokesperson said: “For far too long our town’s teenagers have been overlooked and that is about to change. “HBFI is looking to add additional features to Station Park, specifically for teenag- ers from Horwich and Black- rod as part of the town centre regeneration. Our plan is to create a Pump Park helping teenagers have to keep active and have fun. “We envisage the amphi- theatre space could also be used as an outdoor venue for educational, theatre and musical activities.” BOLTON Wanderers held its annual poignant ser- vice of remembrance at the Toughsheet Stadium in Middlebrook. The club described the event as another chance to honour members of the wider Wanderers family that have passed away. Attendees included the new mayor of Bolton Andy Morgan and Wanderers’ legend John McGinlay. The service began pitch side where John, along- side the mayor and mayoress, laid a wreath. The service of remem- brance and thanksgiving was conducted by club chaplain, Phil Mason. It continued in the 1877 Suite, and following the theme of ‘One Family’, a reading titled ‘One Body, Many Parts’ opened the ser- vice inside. A tribute to Iain Purslow, the Wanderers’ supporter who sadly died at the club’s home fixture against Cheltenham Town this season, followed, with love and support shown to his family on the night. Names of loved ones that have been added to the club’s book of remembrance and memorial bricks, as well as those who have passed over the past 12 months, were then read out. Following this, those remembered from previous years – along with the 33 people who lost their lives in the Burnden Park disaster - appeared on a big screen. There was an opportu- nity for people to light can- dles in memory of lost loved ones, with music provided throughout the service by Tommy Govern and San- dra Scattergood. Club chaplain Phil Mason Tribute: The pitch side service at Bolton’s ground (Photo credit: BWFC) Wanderers’ act of remembrance Pump Park idea revealed said: “For so many people within our Bolton Wander- ers family, this is a vitally important event. This year feels particularly poignant as a club with the passing of Iain Purslow in January, and this service offers sol- ace and comfort to so many people during an incredibly difficult period. “We are one family at this football club, and this is a perfect way for us to bring those within our community, united by loss, and honour their loved ones.” TO ADVERTISE CONTACT OUR TEAM 01204 478812 Advertiser’sannouncement WHAT IS EQUITY RELEASE? Equity release is the releasing of some of the equity/capital that has accrued in your property during your ownership. You have two op- tions when choosing an equity re- lease product. The most common is through a lifetime mortgage, whereby you release the lump sum by way of a mortgage against your proper- ty. Monthly repayments are not required and the interest accrues against the property. On your death, or on moving into long-term care, the loan and inter- est will have to be repaid usually by the property being sold. The other option is a home rever- sion plan whereby you sell all, or a portion of your property to the home reversion provider. Similar to the first option there is no interest to be paid, however it is likely that the provider will buy the proportion of the property off you at less than market rate. You will have the right to reside in the property for the rest of your life. It is important that if consider- ing equity release you seek advice from a specialist financial advisor as this product is not right for ev- eryone but it can make a difference to those it is suitable for, for the rest of their lives. CAN I SELL MY HOUSE IF I HAVE TAKEN OUT AN EQUITY RELEASE? Yes. However, the loan would have to be repaid, unless you have agreed with the equity release provider that the loan can be transferred to another property. The lender would not automatically transfer the loan as the new property would need to meet the lender’s criteria. WOULD TAKING OUT AN EQUITY RELEASE AFFECT MY PENSION CREDIT? If you are considering taking out an equity release it could reduce your pension credit. It is essential that you obtain the appropriate advice before proceeding to see whether the product would be appropriate or not. CAN YOU OBTAIN FURTHER MONEY FROM BOTH SCHEMES IF REQUIRED? For both types of equity release some providers offer facilities that can al- low you to drawmore funds in the fu- ture. However, this can depend on the valuation of your property at the time that you require the extra funds. By Lorraine Stratton-Webb, partner in the residential conveyancing team at Clough & Willis EQUITYRELEASE:YOUR QUESTIONSANSWERED Also, if you have opted for a re- serve facility this may mean that the interest that you pay is higher than those products without a re- serve. Again, it is important that you obtain the advice to ensure that the product you get is appropriate for your particular circumstances. WILL TAKING OUT AN EQUITY RELEASE AFFECT MY BENEFIT? Equity release might affect any means tested benefits, particularly if you receive pension credit, council tax support or housing benefit. It may affect your tax position. You should take appropriate advice from the Inland Revenue, Benefits Agen- cy or local Citizens Advice Bureau before proceeding further. WILL I NO LONG NEED TO MAINTAIN OR INSURE MY HOME? Your obligation to insure and main- tain your home continues after tak- ing out an equity release. it would be classed as a breach of a term of the mortgage if you did not insure or maintain the property once you have taken out an equity release. l If you have any questions on any of the above or any other property matters, please contact Lorraine Stratton-Webb on freephone 0800 083 0815. Bury Head Office 2 Manchester Road, Bury Lancashire, BL9 0DT. Tel: 0161 764 5266 Little Lever Office 58 Market Street, Little Lever Bolton, BL3 1HN. Tel: 01204 709959 @BurySolicitor Are you finding life is too short? Equity release allows homeowners over 55 to remain in their much-loved home and release an income or lump sum from their property . Lorraine is our specialist Equity Release solicitor who can help you if you are considering releasing money from your home. She will guide you through the process and help you avoid any pitfalls. For more information on Equity Relase contact Lorraine on freephone 0800 083 0815 Or by email