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Redom ANZ is the most flexible in their approach to family guarantees, but others do have varying degrees on what they can and cannot accept. Income assessment is another area where the banks vary their policies quite dramatically.

Most lenders want immediate family, as in your parents (no uncles, siblings, or cousins). ANZ will usually take almost anyone. If you suck up to me enough I might even to it (but probably not). ;) It is a fairly big deal to do this for someone, they're putting their house on the line for...

If you've got $15k of your own money, then the $75k could become a guarantee of $60k. The more you can put into the deal, the less your friend needs to guarantee. In practice you take an 80% loan ($360k) against the property you're purchasing. This loan is only secured by that property and...

With the stamp duty concessions the purchase costs would be less than $2000 (a few fees and conveyancing). An equity guarantee needs to cover 20% of the property value, so on a $450k property this is $90,000. Take away the FHOG of $15,000 and your friend would need to commit $75,000...

Don't worry about your Veda score at this point, it's good enough to get a loan and it's not the only thing lenders look at. They have their own scoring systems in place. Your income should be sufficient to service a reasonable amount of debt, but your deposit is a problem. Ideally you need...