Conservative lot with love for something inexpensive (6)
I believe the answer is:
cheapo
'something inexpensive' is the definition.
(cheapo can mean something cheap or poor-quality)
'conservative lot with love' is the wordplay.
'conservative' becomes 'C' (UK political abbreviation).
'lot' becomes 'heap' (synonyms).
'with' says to put letters next to each other.
'love' becomes 'o' (love means zero in tennis).
'c'+'heap'+'o'='CHEAPO'
'for' is the link.
(Other definitions for cheapo that I've seen before include "at rock bottom price" , "of poor quality" , "Inexpensive and shabby" , "not expensive" , "Inferior product" .)