We are form the US so are not savvy about practices here in the UK. We paid a letting agency £800 deposit- they looked for a flat for us. A flat was offered at £400 p/w. Being form abroad I did not understand that this amount was calculated across 52 weeks and then decided into months, so when the contract came I was surprised to see just how much it came to per month. Much too much for us. We have not signed the contract and want to let the agents know that this is not what we want but we are not sure if we then lose our deposit. To be clear we had not signed the contract and had not seen the final figures.We are not comfortable with the agents as they are quite over bearing- do we have a right to the deposit back if we did not take the property? How can we phrase this to the agents so they are clear that we are informed about the law here.