The last was acquired by the family of Bayeux, from whom it passed by marriage to Elias de Rabayne, whose nephew, Peter Baudrat, surrendered it to the crown in1315-1316when the king became lord of one moiety of the borough, henceforth known as Lyme Regis.
In 1444 Sir John Beauchamp purchased the remaining moiety of the manor, and was granted an additional fair at the feast of St Dunstan.
A fuller grant in 1206 gave the burgesses a gild merchant, the husting court to be held once a week only, and general liberties according to the customs of Oxford, saving the rights of the bishop and the earl of Arundel, whose ancestor William D'Albini had received from William the moiety of the tolbooth.
A moiety of the manor was purchased by Sir Walter Beauchamp, who granted a charter to the inhabitants of the town establishing a Tuesday market for corn, cattle, and all kinds of merchandise, and also obtained grants of fairs at the feasts of St Giles (afterwards transferred to the feast of St Faith) and St Barnabas.
His father, who belonged to an old Yorkshire family, held a moiety of the living of Malpas.
Now, there is little doubt that the progenitors of both these sections came from a temperate region (in North America); so that here we have one moiety acclimatized to endure extreme heat, and the other extreme cold; and at this day exposure of either to the opposite extreme (or even, as we have seen, to the climate of an intermediate zone) is always pernicious and often fatal.
The other moiety returned to the abbey about the end of the 4th century, and at the dissolution was surrenc'ered to the Crown.
John of Gaunt, indeed, at a time when it was possible that he would never obtain the Leicester moiety of the Lancastrian estates, seems to have made an ingenious but quite unfounded claim to the office as annexed to the honor of Hinckley.