Release equity or get investment mortgage?

J

julia30

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we currently have an investment property worth 450,000 approx with a mortgage of 50,000 with (ics)and ppr worth 450,000(approx) mortgage 70,000 with ebs both of which we built. we are now thinking of buying a property for 225,000 knocking it and building two semi d's possible re-sale or rent. my question is my husband and i earn 120,000 per annum before tax at 41% should we release equity on the investment property which we have declared with the tax man or should we get a third investment mortgage or what?
 
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