Option agreements for land in Leicestershire
We offer an option agreement on land across Leicestershire, including sites around Leicester, Loughborough and Hinckley.
If your land could be allocated in a future local plan, an option keeps it moving towards development without you funding the work.
- Free appraisal and written offer
- No pressure to decide
- We fund the planning work
Get an offer for land in Leicestershire
Send the postcode and a rough size.
Option agreements in Leicestershire at a glance
Largely lowland farmland and growing towns. Unlike many Midlands counties, Leicestershire has no designated green belt.
| County | Leicestershire |
|---|---|
| Country | England |
| Towns we cover here | 10 |
| Main town | Leicester |
| Example postcode districts | LE1, LE2, LE5, LE9, LE10 |
| Planning system | National Planning Policy Framework and local plan |
| When you're paid | Option fee now, price when the option is exercised |
| Timescale | Often several years |
Is an option agreement right for your land?
- Land being considered in a local plan review
- Owners happy to wait several years for a higher price
- Holdings where several owners need to work together
- Land needing access or infrastructure to be unlocked
- Sites with technical issues that need time to resolve
If your land could be allocated in a future local plan, an option keeps it moving towards development without you funding the work.
What to check in an option agreement
Purchase price
Often a percentage of market value with permission, less agreed costs.
Minimum price
A floor that protects you if values fall.
Exercise triggers
What has to happen before we can buy.
Your obligations
Agreements set what you can and can't do with the land in the meantime.
Land an option agreement works for in Leicestershire
Development land in Leicestershire
Suits larger fields where the planning route may take several years.
Land without planning permission in Leicestershire
We pay for the right to buy later and fund the planning work meanwhile.
Land for affordable homes in Leicestershire
Useful while housing need is evidenced and a scheme is prepared.
Paddocks and equestrian land in Leicestershire
Useful where the paddock could form part of a wider site.
Barns and rural buildings in Leicestershire
Less common for single buildings but can suit whole farmyards.
Inherited and probate land in Leicestershire
Can suit families who want to hold on while planning is explored.
What happens next
Send us the address
A postcode, a plan or a what3words location is enough to start.
We check it properly
Title, planning history, access, flood maps and local policy.
We put an offer in writing
It shows how we got there. There's no obligation to accept.
Solicitors complete the sale
Exchange and complete, or exchange now and complete when planning is granted.
Rules that apply in England
Planning framework
Planning decisions in England follow the National Planning Policy Framework, revised in August 2026, and the local plan, prepared by the council or, in a national park, the park authority. Plans are reviewed periodically, which is when new housing sites are usually allocated.
Section 106 and CIL
Larger schemes often need a Section 106 agreement for affordable housing or contributions, and councils that have adopted the Community Infrastructure Levy charge it per square metre of new floorspace.
Common problems, and how we handle them
You're worried about the deductions
Ask for a clear list and a cap on what can be deducted. We'll explain each one.
You want to be sure we'll actually pursue planning
Agreements can include obligations to use reasonable endeavours and set milestones.
Useful to send us
- The address or postcode
- A rough size, in acres or hectares
- Your title number, if you know it
- Any planning applications or letters
Your questions answered
What is an option agreement?
A contract that gives the buyer the right to buy your land within a set period, usually after planning permission is granted. You receive an option fee now and the purchase price if the option is exercised.
Do I keep the option fee if you don't buy?
Normally, yes. The terms are set out in the agreement.
What's the difference between an option and a promotion agreement?
Under an option the buyer has the right to buy the land. Under a promotion agreement a promoter gets permission and then sells the land on the open market, taking a share of the proceeds. We offer options, not promotion agreements.
Do you buy land in Leicestershire?
Yes. We consider land across Leicestershire, from Leicester to the smaller towns and villages. Whether we can make an offer depends on the land itself, and we'll tell you either way.
Option agreements by town in Leicestershire
Find out what we'd pay for your land in Leicestershire
Send the postcode and a rough size and we'll come back with a straight answer.