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When I remortgaged the broker told me it is not possible to increase the loan as part of the process, only for specific planned improvement work. I would double check how easy it is to get equity out as part of a remortgage process.
Depends on your situation but above your allowance interest is taxable at marginal income tax rate
hesa
aggi
If you can only get 4.5% as savings but would be paying 5-6% as mortgage interest I'd pay it off in the mortgage.
If you are only concerned about needing it in the medium term, then the effort of getting it back via remortgaging isn't so bad (as presumably you'll remortgage at some point anyway) and better to save the cash until you do.