Fire crews received reports of the fire at 05:50 this morning.
Crews from across Leicestershire rescued three people from a property in Loughborough this morning (28/10).
The fire was at a property on Baxter Gate, and a road closure was put in place while the fire service extinguished the blaze.
All persons have now been accounted for.
The fire has now been extinguished, with crews remaining to dampen down the blaze. Partners from Cadent are in attendance, and an investigation is ongoing, liaising with Leicestershire Police.
Leicestershire Police, said: "Following further enquiries, a 44-year-old man was arrested on suspicion of attempted arson with intent to endanger life.
"He remains in custody and an investigation is continuing."
Leicestershire Fire and Rescue Service say they expect Baxter Gate to be reopened to traffic later this morning, hopefully before 10 am.
Meet the landlord set to take over an historic village pub after seven years of closure – and why he ‘absolutely fell in love’ with it
Changes to Fosse Park approved
Fridges and freezers can be taken to Warwickshire recycling centres again
Extra police patrols coming to market towns
Woman in her 70s loses thousands in courier fraud scam
Leicestershire parents vote to keep October half term
Airport apologises over data breach
Hinckley baby creates five generations of women in one local family
