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Presumably when you purchased the property you had access to sufficient funds to complete the purchase and you qualified for finance, but the value of the property has now dropped. The problem is that you don't have sufficient finds for your deposit and closing costs. If this is the case...

Keep in mind that if you do manage to on-sell the property to a third party, you will still be required to pay stamp duty (as you're purchasing the property), then the person you sell the property too will also be required to pay stamp duty.