It's been a while since I've posted anything. I have been trying to fix a few things on the Callaway and did manage to get the engine compartment fuse box swap completed. Everything else has been, like that was, another rabbit hole. The problems become huge mazes of more problems that have been badly patched or disabled like removing the brake, traction control and anti-lock warning lamps from the instrument display which we all know points to the three amigos.

 Anyway getting to the reason I'm posting today. The release for the tilt mechanism in the steering wheel is very dodgy. It is usually somewhat difficult to release and if it gets into the lowest position it takes a great deal of time, patience and effort to release it. I sometimes think it may be stuck there forever.

 There are two parts to this control lever. 1) A cable which I believe loosens the locking clamp for the telescope function and 2) A bar and pin which I believe is the release for the tilt spline. I don't see any obvious worn or bent parts so my question is does anyone else have this problem and does anyone know of any lubrication or adjustment that can be done to make this work better?

Spray it with lots of lube and work it back and forth. To release the lever it needs to be pulled out before pulling it towards you which confuses some people. As it is something that doesn't get used that often, in fact, if you are the only driver once you have got it set then why would you move it, it can gum up. When I bought my Ascot I picked it up in South London so had to drive through London to get home. Steering wheel was way too high for me so I pulled on the lever to drop it down, moved it and released the lever. Had the opposite problem to you as it wouldn't lock. Trying to drive through London traffic, at night, in the pouring rain, with a steering wheel that was flopping up and down was a little interesting to say the least.....

 Thanks for the reply my friend. You're right, normally it doesn't need to be adjusted, much. In my case if my back is acting up more than normal I sometimes adjust the seat and lumbar for less pain and that sometimes requires an adjustment of one notch up or down of the wheel to keep the instruments in good view.

The problem with it getting stuck in the lowest position ls that I've found it helps to have it as low as possible when removing the instrument binnacle and pack. I try to release the lock at the second notch from the last one but now and then I slip.

I don't see any obvious holes or other points for lube, so I'll just try working it back and forth while spraying a good quality lube on it.

Thanks I never knew it tilted!! Just did mine. The tilt on mine only works in the last few mm of movement of the lever, should that help, but I'm sure you tried all the options

Not only does it tilt up and down, it pulls in and out too so you can adjust the reach (also makes getting the instrument panel out easier).

:o) the in and out bit I had, but it never hurts to point out the obvious

All functions work on both of my P38's. It's just that this one is just on the cusp of not releasing the locking rod and is most difficult at it's lowest position.
I have my lamps changed out in the instrument pod and troubleshooting done in the steering nacelle. Just have to glue one more broken bit of plastic on and then apply spray lube liberally to the affected linkage and see if that does the trick.