I had a homebirth in May 2008 in London. It was the best birth experience.
I had my first child in a hospital in America, no pain meds, but it wasn't nice, the nurses were yelling at me about their legal responsibilities to monitor my baby's heart rate and to 'just calm down' when I was shaking after birth. It was pretty rough and I woke up with nightmares about it for months afterwards. I also had an episiotomy with my first and I would dream that I could feel people cutting on me, it was pretty traumatic.
My husband was totally supportive of the homebirth for baby 2. Two community midwives came out. They didn't do anything supportive for me except check my cervix and make their notes. All the birthing support had to come from my husband. This labor was really fast so I used the gas and air. It was amazing. It took my pain away completely!!! I never took it out and actually went to sleep while I was in transition for an hour. I woke up while still on the gas and air with them telling me the head was coming out and not to push but just breath the baby out, which was really easy since I didn't feel any pain. I tore and they stitched me up there.
They left two hours after she was born and I got to stay in my warm bed and have my own bathroom. A midwife came out to the house later in the day to check us and then once a day for the next two days. It was absolutely amazing and I can say I had a wonderful birth experience.
As for fear, I was terrified of something going wrong because of all the horror stories people like to tell you, but research from the BMJ shows that home births in low risk women carry the same risk as hospital births. And there are some situations where babies born at a hospital die because of the care there but would have lived with a homebirth, of course the opposite is true.
And it's also true about the emergency c-section taking 20-30 minutes to prepare which is the same amount of time it could take to get to the hospital. Most pregnancy problems are known about before labor happens and a skilled midwife should be able to notice problems if they arise. Research everything and see what feels right for you.
The best part was being the midwives only focus. On a busy ward that wouldn't happen.
Best of Luck to you