My ex's parents did an equity release in about 2003 or so. Old man died in 2005, old woman about 2013, the company owning the reverse mortgage tied the house up in legal stuff for two years during which the debt got bigger (of course), and the two daughters got almost nothing. I wouldn't touch it with a bargepole. You have to ask yourself "who benefits?", and "who invented it and why?" when you appreciate the answers to these you realise the odds are loaded against you. There are still complications with care too, because if you took out one of these and gave the money to your offspring, even for something like helping them buy a house, the council can still claim it back off them as "avoiding care costs" even to the lengths of kicking your kids out of their house to pay care costs.