The village received a Royal Charter in 1253 entitling it to hold a market on Thursdays and an annual three-day fair. A butter cross was built, the base of which survives, but the market and fair soon ceased. However the fair has since been revived and is held very first Sunday in July The ownership of Hooton remained in the hands of the Paganels and their heirs till the reign of Edward IV through the names of Paganel, and through marriage,