Can I pull out of my property purchase?

This really depends on the situation and is normally advised on a case by case basis. But normally speaking, prior to exchange of contracts, either party is able to withdraw from the transactions. However, once contracts have been exchanged, remedies for ‘breach of contract’ would be available for the suffering party. At this point, the seller would be able to keep your deposit. If you are in doubt, please speak in detail with me!