SPVs can be set up as trusts, partnerships, or more commonly as a limited company. It will take a few minutes to fill out the company registration, and you can have the company incorporated in as little as 3 working hours (Subject to Companies House's workload). You need a minimum of one director and one shareholder.
You must use ALL 4 of the following SIC codes relating to letting property:
68100 – Buying & sell own real estate
68201 – Renting & operating of housing association real estate
68209 – Other letting & operating of own or leased real estate
68320 – Management of real estate on a fee or contract basis
( Condensed SIC List: Section L - Real estate activities)
You will need to enter the above SIC codes in the designated SIC Code page of your company registration:
Alternatively, you can add the SIC codes by filing the Confirmation Statement after your company's incorporation.