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@duncs
They've got half the deposit, I'd lend the other half. They'd save it (and have been saving it) over the year or two anyway, but I'm happy to see if I can help get the house first and funnel £20k rent into a mortgage in the meantime.
I definitely do not want or expect an interest in the house (or the stamp duty implications it'd bring when I move shortly)
Guess there's the potential for the friendship to be impacted, but I'm naive/confident enough to think that wouldn't happen. Guess the next step is to find a conveyancing solicitor or mortgage broker to pose a question to.