It found that 94% of mortgage intermediaries expect the specialist mortgage market to lift over this period, says the specialist lender.
More than that, 57% predict a jump in growth of up to 20%, while a further 17% of brokers expect this market climb higher.
Brokers add that specialist home loan cases were a strong source of new business, as 73% of these applications come from new clients.
The study points out that successfully helping a customer with more challenging requirements can lead to greater loyalty, with 92% of brokers saying that specialist customers are more likely to come back, after demonstrating that they can add value to transactions. There was also a higher chance of friends and family referral.
Brokers also listed the top five specialist areas that would lead the pack over the coming two years.
Borrowing into retirement loans came top with 61%, favouring this market, followed by self-employed applicants, at 52%, multiple income applicants, at 49%, second charge loans, at 43%, and adverse credit applicants, at 38%.
The study comes as the Bank of England raised the base rate by 50 basis points to 2.25%, the highest rate for 14 years and the seventh hike since December.
The move aims to help counter rising inflation, driven by food and energy costs, which the Bank now predicts will hit 13% before the end of the year.
The Office for National Statistics’ latest data shows that inflation dipped from 10.1% in July to 9.9% in August.
The central bank also forecasts that the UK economy will suffer five quarters of recession from the end of this year.
United Trust Bank’s poll is part of its new mortgage white paper, ‘Growing opportunities for brokers in the specialist mortgage market’.
United Trust Bank director of mortgages Buster Tolfree says: “The specialist mortgage market exists to serve borrowers who find themselves on the wrong side of mainstream lenders’ criteria; a group of people that is only going to grow given the current economic conditions.
“I’m not surprised that more than three quarters of brokers who took part in the research for this paper believe it offers a greater opportunity now than ever before. I absolutely agree that it does, and what’s more, I believe that what many might describe as something of a niche market is going to grow significantly.
“Cost-of-living challenges, and a rising base rate, will push more customers towards solutions from specialist lenders.”