Adverse credit Halifax

MaryJane365

I'm a first time buyer and have just applied for a Mortgage through Halifax on the Help to Buy scheme. The flat is a new build being sold at 20% below market rate for £165,000. I would be borrowing 40% (£66,000) through help to buy, I have a £38,000 deposit, and have applied for a £61,000 mortgage on earnings of around £26,000. When I first met the broker he told me that I would probably be turned down based upon a credit card default of about £1,100 from 12/2010 settled in full 03/2015. I have been given a DIP and the full application was submitted today.

I was wondering whether anyone has any idea how likely the decision is to be reversed on full application? I know the DIP was based on a 'soft search' but I'm not sure exactly what this means. The default was at an old address but I paid it off while living at my current address and it shows on my experian credit report so would Halifax have been aware of it when granting the DIP? I also declared it to the broker but there was nowhere to declare it on the form to apply for the DIP. Does the retentively small LTV rate help my cause? Any feedback would be welcome.