The Free Money Advice Service has been setup by the government to provide impartial advice on most financial matters but is particularly good on Equity Release. 

Equity Release is a minefield but a necessary minefield! Get it right and older people can raise money on their property - potentially allowing them to afford to stay in their homes for the rest of their lives. Get it wrong and they can accumulate an enormous debt and effectively disinherit their children as the finance company claims their home in order to repay the accumulated loan when they die. The link below may help you decide whether this might be a useful route to go down. However just as importantly consider using a financial adviser.
This is a simple AgeUK Equity Release calculator which will help you find out how much an equity release loan would allow you to raise on your house.

Independent Financial Advisers - IFAs Penarth

Romilly Financial

26 Hickman Rd, Penarth CF64 2AL, UK – 029 2041 5100

Lovely honest people

Curo Advisers Ltd

1A Machen St, Penarth CF64 2UB, UK – 029 2025 6001

Broadlands Partnership

41 Ludlow St, Penarth CF64 1EX, UK – 029 2070 1600

Click for excellent Money Saving Expert advice on choosing an Independent Financial Adviser (or IFA) around Penarth.