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Refund Despute

So I am due to travel to Spain next year July 2021, however I need to cancel this due to unforeseen circumstances, I read online in the terms and conditions that if I was to cancel this holiday due to it being over 70 days until I travel I will only loose my deposit which at the time of booking the holiday was a low deposit offer which worked out at £55 bargain! We have since been paying a DD every month since March, I have phoned the company today and they have told me that there is a minimum of a £200 charge PP to cancel this holiday??? Please could anyone give me any advice if this is correct, I have never had to cancel a holiday before and am a little confused to how they can charge this if it isn’t in the small print 

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