Along with all the other religious houses in England, the priory was dissolved by Henry VIII, being surrendered to the Crown in 1540. The receiver in charge of dissolving St Marie Overie was William Saunders. In that year St Mary Overie received the new dedication of St Saviour and became the church of a new parish, which combined those of St Mary Magdalen (the attached parochial chapel) and the nearby church of St Margaret, which was deconsecrated. The parishioners leased the priory church and rectory from the Crown until 1614, when they purchased the church outright for £800.