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One further thing to check would be what the early repayment charge on the mortgage would be - they are often punitive (e.g. ours was £7,000) and apply even if you stay with the same provider. If there's been a significant increase in the value of your property you might save more than that with a better loan to value rate, but in two years when the lower interest rate part of your mortgage is likely to run out, you will be able to take out a new mortgage anyway without paying to leave the old one.
tbc
@tommmmmmm @Howard @aggi
Thanks, just the sort of thing I needed to get me started on thinking and researching.
We live in Scotland so things are slightly different (no stamp duty, it's LBTT here). What I'm considering appears to be a transfer of mortgage debt and a gift of equity. It would appear that the transferred share of mortgage is below the LBTT threshold so doesn't incur a charge but still must be reported.
Fiancée doesn't own property so no issues there.
I'm considering remortgaging because there are much better deals available than we currently have (the property having gained value thus my equity having increased).