By the end of the thirteenth century the abbey was becoming less important. By the time it was suppressed by Henry VIII in 1536 as part of the dissolution of the monasteries there were only thirteen monks in the community and the abbey had an annual net income of £174.
Stones from the abbey when it lay in ruins were taken to build nearby houses, including the house at Loosely Park at Compton.
The ruins of Waverley Abbey are managed today by English Heritage. The sign at the entrance to the ruins states that it was the inspiration for Sir Walter Scott's novel Waverley.[1] However, this is probably not the case. Sir Walter Scott chose to adopt the name for his fictional hero Edward Waverley, the heir to an estate in southern England who travels north and becomes embroiled in the Jacobite uprising of 1745.