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Glossary > M > "MIRAS" Definition

MIRAS

Mortgage Interest Relief at Source. The mortgage lender will reduce the monthly payment required from a borrower by the amount of tax relief applicable to the interest on the loan. The lender can claim the balance from the Inland Revenue.

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MIRAS - Mortgage Interest Relief at Source. The mortgage lender will reduce the monthly payment required from a borrower by the amount of tax relief applicable to the interest on the loan. The lender can claim the balance from the Inland Revenue.

MIRAS : mortgage interest relief at source. the mortgage lender will reduce the monthly payment required from a borrower by the amount of tax relief applicable to the interest on the loan. the lender can claim the balance from the inland revenue.