Owning your own home

OK so I take the 35 year and over pay. Say at least £150 a month.

When my fixed term then comes to an end will my overpayments and my mortgage payments be taken in to account they'll say I've cleared 20k off the property capital and allow me to remortgage on that? Which I could then in turn lower down to 15-20 years?

There's some big money related words in the above that I don't understand.

The principal I kind of work on is: at the moment, investments aren't so hot (the ones I can be bothered with anyway) so it's better to clear debt while rates are low rather than invest in something.

The more you pay off your debt the sooner, the lower the overall £ and time your loan will be.

It's compound calculated innit so your debt is worked out probably daily based on what you owe. Hence the 'pay off as much as you can as quick as you can'.

That's my take anyway.