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Hi me and 2 friends put a holding deposit down on a property last week on a verbally agreed monthly rent. Now we are completely at fault, as one of us went down to pay the holding fee and sign the paperwork. What she did not notice was the monthly rent amount which differed to what was agreed when we were speaking to the estate agent. We are now pulling out of this offer, as the monthly rent is unaffordable, and we completely accept that we are liable to lose the £500 fee as was stipulated to us when we agreed to pay it. Now the agent is trying to charge an extra £500 which crucially it DOES state in the paperwork my friend signed, however the agent made no mention of that when we agreed the fee. A solicitor friend says we should just accept the loss of th initial £500 and walk away, but they are saying they will come for the extra £500 and they'll win. I want to trust this solicitor as he does specialise in property (and has seen the paperwork and says it's not clear enough - he is willing to write letters), but would appreciate some extra advice as it seems we may have signed ourselves into a hole!

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