Variable mortgage interest rates double in a year. Struggling homeowners in 30s and 40s consulting worried about what will happen

TL;DR Variable mortgage interest rates continuing to rise. In some cases, interest rates have nearly doubled compared to a year ago, leading to a surge in inquiries about repayment especially along families in their 30s and 40s with children. Some people are finding they can not change to fixed mortgage because the value of their home have depreciated.