London, I think it's completely rational to be wary of a home birth if it's your first.
In fact, I would recommend NOT having a home birth with your first to anyone and everyone. And I'd also advise against MLU birth for first if it's not on the same premises as the hospital labour ward. My first pregnancy I was classed as low risk in every sense, and I went into spontaneous labour at 40+6, progressed normally through labour, except for a long time pushing and needing the ventouse. Up until that point everything would have been fine and normal, except that for absolutely no foreseeable reason I suddenly haemorrhaged seriously and even on labour ward with a consultant already in the room, immediate intervention, multiple administrations of the syntocinon injection AND drip I still lost 3 LITRES of blood in minutes and could easily have died had I been at home without doctors and extra drugs on hand and very quickly being given blood transfusions. There was no way to no before hand that it would happen. It happened due to having an atonic uterus, which sometimes just happens. Big babies contribute, long labours contribute, but the only definite risk factor they can pinpoint for a life threatening PPH is having had one in the past, and with a first pregnancy and labour there's just no knowing what could happen.
I don't want to scare anyone, losing quite that much blood is not normal or common, but PPHs are far more common than you might think, and it's something that was never mentioned in my NCT classes and 5 out of 8 women in my NCT group had a PPH, 2 of us requiring transfusions.