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He owns a fair bit in the outskirts of Loch Lomond (5)

Ross

I believe the answer is:

laird

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'he owns a fair' is the definition.
The answer is a person as well as being a singular noun. This is suggested by the definition.

'bit in the outskirts of loch lomond' is the wordplay.
'bit' becomes 'i' (resembles l, a binary digit or bit).
'in the' means one lot of letters goes inside another.
'outskirts of loch lomond' becomes 'lard' (I can't explain this - if you can you should give a lot more credence to this answer).
'i' put into 'lard' is 'LAIRD'.

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(Other definitions for laird that I've seen before include "Scots estate owner" , "Big landowner" , "He's landed in Scotland" , "Scottish estate-owner" , "Scottish landowner" .)

I've seen this clue in the Evening Standard.
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