Lord with some hope of getting royal?

I believe the answer is:

peer

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This 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'm 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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