Guarantor for a Mortgage

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If a person becomes liable on a Mortgage Loan for another person and the only assets of the guarantor is say a jointly owned property and a joint bank deposit is it correct to assume that on the death of the guarantor the lender would have no recourse against the estate as all the assets are in joint names and will pass to the survivor

 

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Thanks mr. derp. I had in mind a case where the mortgage loan is not in default but the guarsantor dies and in effect has no assets in his sole name. I know if he had assets in his sole name the lender would either release the estate from liability or call for payment. They may well agree if the beneficiaries were willing to guarantee that they would not proceed with the demand for payment