Overpayment Question

Zola.Zola. Forumite
1.9K Posts
Tenth Anniversary 1,000 Posts Name Dropper
Probably a silly question, but I will ask anyway.

Say you owe £150,000 on the mortgage. When you make the regular monthly mortgage payment of £500... it seems only about half of that comes off the actual debt figure owed, due to interest.

If you made an overpayment of £2000 out of the blue, would it be the same effectively, or would it knock £2000 off the total owed as its not in the standard mortgage timeline?
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