Sorry if this sounds harsh but any airline that would consider you for employment will require you to live within one hour of your operating base. With your experience and the state of the market there will be no flexibility with this, so you'll either have to move or live in B&B for most of the time (not conducive to family life). Don't even think about paying for a type rating~any company will need to give you training and an LPC/OPC anyway.
That said, it's possible that TP operators might be interested in you for reasons already given~you're unlikely to upsticks and move around due to family commitments, however most companies tend to say 'experience commesurate with age'. I think the best advice was to invest in property and fly as a hobby, but that is a decision only you can make. The only thing I would say is have a back-up plan in case after spending a lot of money no employment is forthcoming.