Cancelling a thomas cook holiday?

mtb

New member
My wife and i booked a holiday to malta for september back in march, we have paid £500 deposit, and have £950 left to pay before june. We have the holiday insurance you get from their selves. We have just been online, on the thomas cook website and the holiday is now cheaper, only thing different is the flights would be from Gatwick not norwich (which is only 50 mins away), but its like £300 cheaper, so would be better to cancel it and then re book it online. Is this possible with out paying a big fine/ cancellation fee?
 
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