Commercial Mortgages Wigston and Oadby

The Wigston and Oadby commercial property market

Wigston and Oadby make up the affluent commuter belt to the south of Leicester. Wigston town centre is centred on Bell Street and Long Street, with the Asda store anchoring the retail spine. The South Wigston industrial estates carry small to mid-size engineering, packaging and distribution stock, with rents at 7.50 to 9.50 pounds per sq ft for modern units. Oadby town centre runs along The Parade and London Road, with dental and medical practices, opticians, independent retail and a steady food and beverage cluster. Lot sizes are 300,000 to 1.5 million pounds for retail and offices, and 400,000 to 2.5 million pounds for industrial.

Transactions are owner-occupier dominated for professional services and small industrial, with private investors active in mixed-use parade units. Tenant covenants in the LE18 / LE2 commuter towns tend to be reliable, which helps lender appetite. A defining Wigston archetype is a dental practice buying its premises on Long Street at 70 percent LTV with a healthcare-favouring lender. An Oadby archetype is a private investor acquiring a four-unit parade with three flats above at an 8.6 percent gross yield. A South Wigston archetype is an engineering business buying its 6,800 sq ft industrial freehold with a 75 percent LTV facility at 7.3 percent pa.

HM Land Registry residential transactions across LE18 and the LE2 Oadby flank cluster around modern semi-detached and 1960s to 1980s housing on Aylestone Lane, Station Road, Glen Gate and the streets feeding Oadby Hill, with median values typically in the 245,000 to 365,000 pound bracket. These confirm a comfortable mid-income commuter catchment that supports the convenience retail, dental and restaurant spend behind our LE18 / LE2 commercial investment lending. Stamp duty applies at the commercial rates on every freehold commercial purchase.

Active commercial property types in Wigston and Oadby

Lender appetite for Wigston and Oadby owner-occupier and investment

Strong because tenant covenants in commuter towns tend to be reliable. Lloyds, NatWest, Barclays and Santander all compete on the cleaner owner-occupier deals (dental, professional services, industrial) at 70 to 75 percent LTV and 6.5 to 7.3 percent pa. Shawbrook and InterBay Commercial handle investor and semi-commercial deals up to 75 percent LTV, typically at 7.5 percent pa. Cynergy Bank and LendInvest cover value-add and shorter-history operator deals. Commercial mortgages are unregulated lending and fall outside the FCA's regulated mortgage perimeter, we do not hold FCA authorisation because the products we arrange are unregulated.