Crossword Genius

First home with it meets one by a lake (7)

Ross

I believe the answer is:

initial

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'first' is the definition.
(similar in meaning)

'home with it meets one by a lake' is the wordplay.
'home' becomes 'in' ('he's home' can mean 'he's in').
'with' is a charade indicator (letters next to each other).
'meets one by' becomes 'i' (I can't explain this - if you can you should give a lot more credence to this answer).
'lake' becomes 'L' (geographical abbreviation).
'in'+'it'+'i'+'a'+'l'='INITIAL'

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(Other definitions for initial that I've seen before include "First letter of a name" , "Occurring at the beginnng" , "Sign" , "Let; rent" , "Endorse" .)

I've seen this clue in The Daily Express.
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