Keystart require thorough documentation from you when you apply for a Keystart home loan. We need to check every applicant's situation carefully to ensure that our clients will be able to afford home loan repayments without getting into financial difficulty.
Get a head start and prepare your paperwork before you apply.
What you will need
This is a list of the common documentation we require. If you do an application, you will receive an application pack which will include a full list of documentation required. You will be required to provide more than the list below, dependant of your particular situation, but at least you will be underway.
Start a new folder on your desktop and start scanning! Keep hard copy printouts as well as digital copies. The scanned copies are an easy way to send us your paperwork. Remember, this documentation will be required for each applicants applying for the loan.
Your income and other payments
Your recent payslips from work, covering a minimum period of one month and no older than 30 days from when you lodge your loan application with Keystart.
Your latest PAYG Payment Summary
Your latest Australian Taxation Office Notice of Assessment
If your current employment is less than six months, PAYG Payment Summaries or employment letters to confirm your previous employment
Confirmation of any Centrelink monies you receive from the Department of Human Services
Confirmation and evidence of child maintenance you receive or pay. For child maintenance you receive this evidence must cover a minimum period of six months.
Your bank accounts
Bank statements or online printouts for all your bank accounts. You need to include the account number, account name(s) and a running balance. These must cover a minimum period of one month with the last transaction listed being no more than 30 days prior to your Keystart application
Bank statements over a period of 3 months for the account(s) showing your genuine savings. These statements need to include the account number, account name(s) and a running balance.
Complete and executed copies of any and all of your existing loan contracts with any other lenders, specifying the account name(s), the purpose of the loan and the accompanying loan details, including the minimum repayment sums and the accompanying fees and charges.
The latest statements for any and all of your existing loan accounts, personal or otherwise, and any and all previous loan accounts, personal or otherwise, closed or finalised within a period of three (3) months prior to the date of your home loan application, covering a minimum period of six (6) months.
Your credit or store cards
The latest statements for any and all of your existing credit/store card(s) and any and all previous credit/store card(s) closed or finalised within a period of three (3) months prior to the date of the home loan application, covering a minimum period of one (1) month and specifying the account name(s) and credit limit(s).
Any funds gifted to you
In relation to any gifted funds you have received:
a statutory declaration by the donor and recipient declaring the details of those gifted funds, including the amounts and dates of receipt.
Your rent history
Your latest rental history statement (if applicable) covering a minimum period of six (6) months or a letter from the current landlord/registered letting agent, addressing the previous rental payment history for the previous six (6) month period.
There is a range of ID required - maybe find your passport and make sure your driver's licence is current if you have one! You will get a list of ID options in your pack.
A certified copy of Your Australian Citizenship or evidence of Your permanent residency (if applicable)
A certified copy of Your Change of Name Certificate or Marriage Certificate (if applicable)
Start your savings
Start saving as much as you can! Depending on your loan product we will require a bank statement showing genuine savings. (You can read more about Genuine Savings on our blog).
Consider your spending
If you do an application, we will ask you some questions about your costs of living. To make sure your estimates are realistic, keep a spreadsheet or list of your spending
Ready. Set. Apply.
Now you've done all that hard work - are you ready to apply? Contact us to see if you are eligible on 1300 578 278 or you can complete a Do I Qualify form on our website.