Yes, but Jay, you're missing the point.
You're ignoring advice from people who've been down this road and wished they hadn't.
It may be cheap now, but it'll be a shit car. Mk5 Escorts are generally pretty dogish cars, and just because it has a CVH turbo engine in, it's special?
I thought coming from a BMW might have actually kept you tempted to stay sensible, and not go buying some nail of a car.
Say you drive it back from Scotland and it goes bang - what next? Can you possibly afford to repair it if it needs an engine overhaul? In a situation where finances are stretched, the last thing you need is a knackered old modified car to steadily drain your bank balance.