Remortgaging / Equity Release ?

WandaBug

Hi, I could do with some help !  I live in a little cottage that I have bought and the mortgage is finished now.  I am thinking about buying a plot of land to put a log cabin on to live in instead - my little cottage would be turned into a holiday let.  My question is how do I get the equity from the cottage to fund the log cabin?  Would I need a mortgage against the cottage , or would it be a Holiday Let mortgage (although it's the residential home that would need the mortgage) or would it be equity release?  Many thanks 

Hoenir

Worth investigating the likelihood of obtaining planning permission for such a venture.