Yes. The main distinctions are closed versus open bridging, and first versus second charge. Closed bridging has a fixed, evidenced repayment date, such as an exchanged sale. Open bridging has an intended exit but no confirmed date, and is generally priced and assessed more cautiously.
Charge position matters too. A first charge means the bridging lender ranks first against the property. A second charge sits behind an existing mortgage and requires that lender’s consent, and because it ranks lower, terms are usually tighter.
Facilities also differ by purpose. Some fund a purchase before a sale completes; some fund refurbishment or conversion so a property becomes lettable, saleable or acceptable to a mainstream lender; some are used to meet a deadline such as an auction completion.
How interest is handled varies as well — serviced monthly, retained from the advance at the outset, or rolled up and settled at the end. Each option changes your monthly cash flow and the amount you finally repay.
Whichever structure you choose, the loan is secured on property and that property is at risk if you do not repay. We can explain the differences; the lender decides what it will offer.