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It makes nearly no difference... You can just withdraw your offer in writing separately.

Write to the agent now saying that you are withdrawing your written offer. ...Then if it was me I'd probably comment on why it wasn't disclosed that it was under offer before you'd drawn up the offer. Then at the end of the matter (whether you get the property or not) I'd probably report...

Sounds a bit dodgy. So the house is currently under offer then? I'd cancel your offer and tell the agent to call you (making no promises) if the other one pulls through.