Stands for Mortgage Interest Relief at Source. This is the way in which tax relief was allowed on mortgage payments. The withdrawal of Miras was announced in the budget, 9th March 1999, by the Chancellor and took effect from April 2000.
Found on http://www.encyclo.co.uk/local/20194
Acronym for Mortgage Interest Relief At Source. You receive 10% tax relief on the interest on loans up to £30,000. Payments made to the lender are net of this tax relief. Found on http://www.encyclo.co.uk/local/20949