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Sorry Twitch but I must disagree. Banks may ask for a guarantee when 3rd party security is involved without the guarantor being used for servicing. In fact this is far more common that a guarantor being requested for servicing. Most lenders will firstly ensure the security is acceptable and...

It sounds like your friend/s have no funds at all and the lender is refering to lending the total funds including costs. As such they would require additional security. Obtainin g a 3rd party to do this would be a big ask considering the risk hence why the majority of lenders require it to be...