Is there anyway I can view and work on my Raw files with LR5 please
Download the free Adobe DNG converter, convert your RAWs to DNG, and import the DNG into LR 5. Or upgrade (purchase) Lightroom 6/Lightroom CC 2015.
Your version of LR doesn't support that camera. You have 2 options.
1) Upgrade to a newer version of LR.
2) Use the free Dng converter to convert the proprietary RAW files to DNG files that you can then import into your version of LR.
By converting to DNG will I lose any of the raw properties limiting my editing options.
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No. A DNG file contains all the same data as the proprietary RAW file.