Situation
Blinds £3-£3
I limp UTG couple more limpers, and the button raises another £20. Five of us see a flop.
Button knows how to play the game, quite aggresive and probably raises 70% when on the button.
Flop comes

My hand is

Roughly £110 in pot, 1st player checks and i bet £50. Everyone passes to button who raises all in for a total of £260. 1st player passes. What now, also, should i have bet in the first place, if so, how much.
Full analysis required please.