Out drive will not go UP

Hi all,
I recently purchased a 1986 Bayliner Ciera equip with a 260HP Volvo Penta V8 and out drive. Everything was fine for months then the out drive stopped going up and down. I can still hear the electric motor attempting to lift the out drive but nothing happens. I also noticed when the out drive stopped working that the little red light near the ignition that says Drive Lift is no longer lit. Also, I have no idea if this is even relevant, but putting it into reverse is very difficult, although, when I tried putting it in reverse, it was very cold out, maybe that was why it was so hard. Anyways, any information or tips would be much appreciated.
Thanks,

Brian Cullimore

P.S - The out drive was all the way down when it stopped working so I'm not exactly sure if the down function works or not

 

When the handle is in reverse it locks the drive from tilting.
There is a mechanism at the drive which need s freeing up.
Spray some lube on the springs and pawls. Work them free
and try tilting it again with the motor.
You may have to manually disengage it and support the
outdrive with a wooden block to get good access to this.
BE Careful. dont get you fingers caught in between
the drive and the housing. Support the weight well and tie
it off to the transom for added safety.
Scott

 

Where about s should I look for this Reverse Lock???

 

I also wanted to add that the outdrive wont go up even when the boats in neutral or forward. Could it still be the reverse lock. If so, where do I look for this Lock?

 

Under the midsection of the drive there is a trim bar.
There are two latches that grab this bar to keep the
drive down. Follow the latches back and see the
mecahanism that drives them. Lubricate it.
Work it around and then try it again.