Familiar Scottish eminence hosting king currently (7)

I believe the answer is:

beknown

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'familiar' is the definition.
I know nothing about this answer so I cannot tell whether this works.

'scottish eminence hosting king currently' is the wordplay.
'scottish eminence' becomes 'Ben' (as in Ben Nevis - eminence can mean high ground).
'hosting' indicates putting letters inside (inserted letters are welcomed in or hosted).
'king' becomes 'K' (chess abbreviation).
'currently' becomes 'now' (right now).
'k'+'now'='know'
'ben' enclosing 'know' is 'BEKNOWN'.

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I've seen this clue in The Guardian.

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