In the Alliance & Leicester survey, 42 per cent of those hoping to buy a home cannot afford one as they struggle to clear debt and raise a deposit.
Stephen Leonard, director of mortgages at Alliance & Leicester, said that many parental renters were put off looking for a home due to the expense.
Last month the Alliance Trust found that nearly seven million people were being kept off the housing ladder due to debt.
However, Alliance & Leicester claims that parents are even more affected by debt and property aspirations as the cost of raising a child to the age of 21 is approximately Â£164,000, more than the price of an average new property.
Due to such large expenses, many may wish to take out a debt management plan now to work on ways to becoming a homeowner.