 The thirty-ninth abbot, Richard Banham or Baynham, was made a lord of Parliament by King Henry VIII in 1513.In 1538 the last abbot, John Peryn, together with twenty monks, surrendered the abbey to the king, receiving a pension of a hundred pounds.The abbey was the second wealthiest in Devon at the time of the Dissolution of the Monasteries (1536–1541), estimated at £902, only very slightly behind the wealth of Plympton Abbey.