Lord with some hope of getting royal? (4)

I believe the answer is:

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This clue might be a double definition.

'lord with some hope of' is the first definition.
'peer' can be an answer for 'lord' (I've seen this in another clue). I am not certain of the 'with some hope of' bit.

'royal?' is the second definition.
(peer is a kind of royal)

'getting' is the link.

Can you help me to learn more?

(Other definitions for peer that I've seen before include "Look closely at lord" , "Gaze" , "Member of the nobility" , "Squint" , "Person of equal standing" .)

I've seen this clue in the Evening Standard.

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