Option agreements for land in Loughborough
If you own land in or around Loughborough, option agreements is one of four ways you can sell it to us. Here's how it works and when it makes sense.
An option agreement gives a buyer the right, but not the obligation, to buy land within a set period, usually once planning permission is obtained. The landowner receives an option fee up front and, if the option is exercised, a price normally based on market value with permission, less agreed deductions.
- No commission: we're the buyer
- Figures explained, so you can check them
- Independent advice encouraged
Tell us about your land
We'll check the title and planning, then call you.
Loughborough at a glance
Land around Loughborough falls under England's planning system. The closest towns we also cover are Coalville, 8 miles away, and Leicester, 9 miles away, and Leicester is 9 miles away.
| Town | Loughborough |
|---|---|
| County | Leicestershire |
| Country | England |
| Postcode district | LE11 |
| OS grid square | SK51 |
| Nearest towns we cover | Coalville (8 mi), Leicester (9 mi), Humberstone (10 mi) |
| Distance from Leicester | About 9 miles north |
| Planning system | National Planning Policy Framework and local plan |
| When you're paid | Option fee now, price when the option is exercised |
| Planning costs | Ours, sometimes recoverable from the price |
Is an option agreement right for your land?
- Larger fields and blocks on the edge of towns and villages
- Holdings where several owners need to work together
- Land needing access or infrastructure to be unlocked
- Owners who want to keep farming until development
An option can capture more of your land's value where it needs a long planning journey, but the details matter. We explain every term before you commit.
The terms that matter
Purchase price
Often a percentage of market value with permission, less agreed costs.
Minimum price
A floor that protects you if values fall.
Deductions
Which planning and infrastructure costs come off the price before you're paid.
Your obligations
Agreements set what you can and can't do with the land in the meantime.
Land near Loughborough that an option agreement suits
Farmland and agricultural land in Loughborough
Common for edge-of-town farmland promoted through the local plan.
Paddocks and equestrian land in Loughborough
Useful where the paddock could form part of a wider site.
Infill plots and gap sites in Loughborough
Seldom needed for single infill plots.
Redundant commercial and industrial land in Loughborough
Useful where vacant possession is some way off.
From first call to completion
Send us the address
A postcode, a plan or a what3words location is enough to start.
We do the homework
We read the title and planning record and check flood risk and access.
We put an offer in writing
It shows how we got there. There's no obligation to accept.
The legal work
Your solicitor and ours handle the contract through to completion.
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.
When the land isn't straightforward
You want to be sure we'll actually pursue planning
Agreements can include obligations to use reasonable endeavours and set milestones.
You'd like your advisers' costs covered
Many option agreements include a contribution to the landowner's legal and agent costs. We'll tell you if ours does.
Useful to send us
- The address or postcode
- Your title number, if you know it
- Any planning applications or letters
- Photos of the land and its access
Common questions
Do I keep the option fee if you don't buy?
Normally, yes. The terms are set out in the agreement.
How is the price set?
Usually as a percentage of the land's market value once permission is granted, minus agreed costs, with a minimum price. The percentage and deductions are negotiated.
How long do options last?
It varies with the site. Several years is typical for land needing local plan allocation, often with extension rights.
Do you cover the villages around Loughborough?
Yes. Villages between Loughborough, Coalville and Leicester often have the kind of edge-of-settlement land we're looking for.
Also near Loughborough
Other land in Loughborough
- Development land
- Land with planning permission
- Land without planning permission
- Large strategic sites
- Land for affordable homes
- Farmland and agricultural land
- Paddocks and equestrian land
- Barns and rural buildings
- Building plots
- Garden land and backland
- Infill plots and gap sites
- Small sites
- Garage sites
- Brownfield land
- Redundant commercial and industrial land
- Inherited and probate land
- Landlocked land and access problems
- Outright purchase
- Subject-to-planning sale
- Joint ventures
- All land in Loughborough
- Option agreements in Leicestershire
Find out what we'd pay for your land near Loughborough
A free appraisal tells you what we'd pay and why.