The fixed part is the same whatever the estate is worth: £526 to apply (estates over £5,000) plus £2 per sealed copy. The variable part is whether you pay for professional help. An estate this size usually crosses the inheritance-tax threshold and involves property, investments and several institutions — so it tends to sit in the higher-complexity band, where professional administration costs more. A £1,500,000 estate is very likely to need a full Inheritance Tax account (IHT400).
If the estate needs a full IHT400 account, there's far more work — which pushes professional fees toward the higher band.
A house to value, insure and sell or transfer adds time and cost; multiple properties add more.
Each bank, pension or investment provider is a separate set of forms and a separate wait.
A clear will and a few adult beneficiaries is simple; no will, trusts, or minors and missing heirs is not.
For a complex estate, doing it yourself for the £532 government cost is realistic for an organised executor.