http://www.which.co.uk/money/retireme...

Equity release schemes are designed to be a lifelong commitment, so if you change your mind, need to move house or want your equity for something else later, you could find yourself seriously restricted.

If you do take one out, you should consider checking to see if you can get a better deal once the early repayment charge period has ended. This is particularly true at a time of falling interest rates.