Hi Haximus,
You can have 2 jobs at the same time.
If the freelance work with your old employer will be as an employee the employer will send the starting details to HMRC and we will issue a tax code to enable the correct tax to be paid.
If the freelance work will be as self employed and the gross income will be £1000 or more then you will need to register as self employed and complete a Self Assessment tax return
Set up as self-employed (a 'sole trader'): step by step
Thank you.