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Mortuary Refrigeration Finance

Spread the cost of a mortuary refrigeration from £3,000 to £100,000+ with flexible finance options: HP, lease or refinance. Compare rates from 40+ lenders.

Can you finance a mortuary refrigeration?

Yes, mortuary refrigerations 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 £3,000 to £100,000, and most deals are written over 24–84 months with a deposit of around 10–20%. Decisions typically take 48–72 hours. Used machines are financeable too, usually with a shorter term.

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Typical Cost

£3k – £100k

Approval Speed

48–72 hours

Same-day for < £20k

Rates From

6.0% APR

What would a mortuary refrigeration cost per month?

£20,000
10%
60 months
9%
£0

Your estimate

Indicative only. Not a quote and not an offer of finance.

Pre-filled with a typical mortuary refrigeration price. Indicative only, not a quote.

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Finance options

Hire Purchase (HP)

Rate
From 6.5% APR
Term
24–84 months
Deposit
10–20%
Ownership
Yours at the end
Best for
A funeral home or mortuary's main refrigeration, running continuously and expected to last for decades

Finance Lease

Rate
From 6.0% APR
Term
24–84 months
Deposit
None required
Ownership
Return or buy (balloon payment)
Best for
Bundling a cabinet with racking and installation into one deductible payment

Operating Lease

Rate
From 6.8% APR
Term
24–48 months
Deposit
None required
Ownership
Return at end
Best for
A hospital or forensic facility trialling additional capacity ahead of a permanent expansion

Representative example

On a purchase price of £20,000: a 10% deposit of £2,000, then 48 monthly payments of £422 at 5.9% APR representative (fixed). Total amount payable £22,256, including the deposit. The rate you are offered depends on your business and the asset.

What buyers actually specify

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
Single-Body Mortuary Refrigerator £3,000 – £8,000 Single-Body Refrigeration Unit
Multi-Body Refrigerated Cabinet (4–6 body) £15,000 – £35,000 Multi-Body Refrigerated Cabinet
Large Multi-Body Cabinet (8–12 body) £35,000 – £60,000 High-Capacity Refrigerated Cabinet
Bespoke Mortuary Cold Room (walk-in) £40,000 – £100,000+ Mortuary Cold Room

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Tax benefits

Mortuary refrigeration qualifies for the Annual Investment Allowance, so a purchase or HP agreement can usually be deducted against taxable profit in the year of purchase, and lease payments are deductible in full as they are paid. Installation, including any building work to fit a bespoke cold room, is usually invoiced by the installer and can often sit on the same agreement if itemised on the quote.

Market context

Mortuary refrigeration is bought by funeral homes, hospital mortuaries and forensic facilities, either replacing an ageing cabinet or adding capacity as a business grows. A funeral director or mortuary manager finances refrigeration because these are long-life, made-to-order assets that need to be sized correctly from the outset, and a well-specified cabinet is expected to run continuously for decades rather than be swapped out on a short cycle. This makes refrigeration equipment the kind of long-life capital asset that lenders in this sector generally view favourably, since the equipment holds its usefulness for a very long service period. Because cabinets are largely made to order to fit a specific room and body capacity, there is little meaningful used market for this category, and most purchases are new equipment specified to the site.

Bad credit?

Several of our 200+ lenders specialise in businesses with imperfect credit histories. You may need a larger deposit or personal guarantee, but options exist. Checking your options here does not affect your credit score, because we do not run a credit search to match you. A lender will run their own checks only if you decide to apply.

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Frequently asked questions

How do I know what capacity of mortuary refrigeration I need?
Capacity is usually based on the firm's typical caseload and how long bodies are held on average before a service, plus a margin for busier periods. A smaller independent funeral home might need only single or twin-body units, while a hospital mortuary or a larger funeral group typically needs a multi-body cabinet or a bespoke cold room. It's worth working through expected volumes with the equipment supplier before finalising a specification, since this equipment is largely made to order.
Does finance cover installation of a bespoke cold room, not just a standard cabinet?
Yes, provided the installation work is itemised on the supplier's invoice, most lenders will finance the equipment and its fitting together, including a bespoke walk-in cold room built to a specific room's dimensions. Because cold rooms are made to order, it's worth getting the full project quote, equipment plus installation, before applying, since financing the two separately can complicate the application.
Can I finance used mortuary refrigeration?
It's uncommon, since most cabinets are made to order to fit a specific room and body capacity, which means there's little standardised used stock available. Where a used cabinet is available, for example from a facility closing or downsizing, a lender will typically want to see a condition and service report before financing it, in the same way as any other specialist used equipment.
Is hire purchase or a lease better for mortuary refrigeration?
Most funeral homes and mortuaries choose hire purchase, since this is long-life equipment expected to run for decades and the business wants to own it outright. A facility trialling additional temporary capacity, for example during an unusually busy period, sometimes uses a shorter lease for that extra unit rather than committing to permanent ownership straight away. Given how long this equipment typically remains in service, most operators find the choice makes relatively little difference to overall running costs once the agreement is in place.
How quickly can mortuary refrigeration finance be approved?
Most applications for standard cabinets are approved within 48 to 72 hours, provided the business has a clean credit history and a clear supplier quote. Bespoke cold room installations, which involve building work as well as equipment, typically take longer to review, since the lender needs to assess the full project scope rather than a single piece of equipment. Operators planning a bespoke installation well ahead of when it's needed generally find this longer review period fits comfortably within their existing capital planning timeline.

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