According to a report carried out by The One Account, of near to 900 home owners surveyed, 36% believed that they would still be making mortgage repayments when they are 60.
The revelations come as housing prices continue to rise following a sustained recent period of dramatic price inflation, which has taken the average house price in the UK past the GBP200,000 mark.
The study also found that 43% of home owners said that their mortgage commitments prevented them from saving, while 17% said the financial burden was preventing them from starting a family.
The news comes as Datamonitor has revealed that UK citizens are the most indebted in Europe, with average unsecured debt levels at around GBP3,000 per person, which is double the average burden of many western European neighbors.