Home equity release schemes, like pensions, can be complicated. The Financial Service Authority, Citizen’s Advice Bureau and Age Concern all recommend that you get independent legal and financial advice.
Wherever possible you should also discuss the investment with your family and anyone you live with. There is nothing like property inheritance for sparking off a feud. And if money is really tight you may be better off finding out whether you qualify for means-tested benefits or other benefits such as Attendance Allowance or Council Tax Benefit.
You might also want to consider moving to a smaller, cheaper property. If you need the cash for repairs or adapting your property you might be able to get help from your council.