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With the low doc loan it is not required if you are able to supply two years worth of tax returns, which would mean you are eligible for full doc rates. If you want to use your mums property as an extra security it would be fine, but your fees would be higher.
Depending on location is the LVR that the borrower will offer and this applies with no doc loans as well. They will only do in certain locations and the interest rates are much higher. They mainly look at metro regions, so if it is metro you are eligible. If your mum is working then it would improve your situation. If your mum is on Centrelink entitlements just ensure you use that to assist in servicability.
So say your property is worth $600,000 and mums is $400,000 and the finance they offer is a 60% LVR then you are entitled to access the full $600,000. This is a very widely used means of financing, but it carriers higher risk as if you default on your loan the lender is able to sell your mums property in order to have the funds returned.
Where Australia goes for Mortgage Finance
With most lenders they will request that when you get finance that prior to settlement that the property be taken under seperate titles on the four units. As it exceeds the 3 units maximum where I work it is classed as a unit development site and requires a different avenue to lending. If you want I can get some further information for you as I currently work for a non-conforming lender who deals with these situations, but it is not my department.
Where Australia goes for Mortgage Finance
