Will I lose my license as well as pay for a fine? What do you think?

We all do stupid things and you know that you have. In the unlikely event that you are offered a speed awareness course take it. However i doubt if you will be. You may be disqualified for a while and you will have to pay a fine. i think the points come off after a disqualification and you start afresh but you insurance will go through the roof for about 5 years or even longer