Spread the cost of a chisel or chain mortiser from £800 to £15,000 with flexible finance options. HP, lease, or refinance
Yes, mortisers are financed as a standard asset purchase, usually on hire purchase or a lease, with the machine itself acting as the security. UK prices typically run £800 to £15,000, and most deals are written over 12–60 months with a deposit of around 10–20%. Decisions typically take 24–48 hours. Used machines are financeable too, usually with a shorter term.
Typical Cost
£800 – £15k
Approval Speed
24–48 hours
Same-day for < £8k
Rates From
5.3% APR
Your estimate
Indicative only. Not a quote and not an offer of finance.
Pre-filled with a typical mortiser price. Indicative only, not a quote.
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For UK limited companies with 3+ months’ trading and monthly revenue.
On a purchase price of £4,000: a 10% deposit of £400, then 48 monthly payments of £84 at 5.9% APR representative (fixed). Total amount payable £4,432, including the deposit. The rate you are offered depends on your business and the asset.
Guide prices for sizing a finance agreement, not quotes. Manufacturers in this market mostly price on application, so where a current UK list price could not be confirmed the row describes a specification class rather than naming a model. Your supplier quote is what the agreement is written against.
| Machine or specification | Guide price | Type |
|---|---|---|
| Axminster Workshop AW16BM benchtop morticer | £800 – £1,500 | Benchtop Chisel Morticer |
| Used Wadkin/Startrite chain mortiser | £1,200 – £3,000 | Reconditioned Chain Mortiser |
| Hollow-chisel mortiser (Axminster Trade/SCM class) | £2,500 – £6,000 | Floor-Standing Mortiser |
| Twin-head mortising machine (production class) | £6,000 – £15,000 | Production Mortiser |
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For UK limited companies with 3+ months’ trading and monthly revenue.
Mortisers qualify for Annual Investment Allowance (AIA), letting you deduct the full cost from taxable profits in year one, up to £1,000,000. HP agreements allow capital allowances. Lease payments are fully deductible.
Mortisers are bought by joiners, staircase makers and furniture makers cutting mortise-and-tenon joints for doors, frames and cabinet work at a pace hand chiselling cannot match. Because a mortiser is often a lower-cost addition compared with a tenoner or spindle moulder, it is sometimes bought outright, but finance remains common when it is purchased as part of a wider joinery line so everything sits on the same monthly payment. Replacement is generally driven by wanting a twin-head machine, a longer stroke, or a chain rather than chisel action for faster deep mortises, rather than the machine wearing out. Chisel and chain mortisers from Axminster, Wadkin and Startrite have a healthy UK used market, and lenders will fund a used machine, usually over a shorter term than new. Chisels and chains are a recurring consumable cost, and chip extraction at the cutting point is a legal requirement in UK workshops handling wood waste.
Some specialist lenders consider businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options may be available. Fundably may use a soft credit check for matching, which does not affect your credit score. A hard check may happen if you choose to proceed with a lender.
Explore business funding options through Fundably.
For UK limited companies with 3+ months’ trading and monthly revenue.
Explore business funding options through Fundably.
Check Eligibility →For UK limited companies with at least 3 months’ trading and monthly revenue.