Unencumbered mortgage

Lifeishectic

Hi. 
We are looking to do an extension on our house and I'm after advice on how best to finance it.  We need to borrow approx 80k. We are incredibly lucky and we are mortgage free in our mid thirties.  We both work and I've been looking into mortgages.  Is this the best way to fund the extension? Or should we release equity from our house? We are new to all this. 
Thank you in advance!!

ACG

A mortgage is how you release equity from the property. 

MWT

Lifeishectic said:

Or should we release equity from our house?

You are far too young for any of the specific 'Equity Release' products you may see advertised, so releasing the equity with a standard mortgage product is how you access the equity you have in your property, as ACG has said.