Suppose that $g: X \to Y$ is a map of varieties (perhaps flat), and we have a subvariety $V \subset X$. Important: I want $V$ to be flat over $X$, otherwise there are trivial counter examples.
Consider now the $f : Bl_V X \to Y$ as a composition $Bl_V X \to X \to Y$, where $Bl_V X$ is the blow up. Let $y$ be a point in $Y$.
Is $f^{-1}(y) \cong Bl_{V \cap g^{-1}(y)} g^{-1}(y)$. In other words, can I blow up in families?
Example: Let's say I want to understand what happens when I blow up the plane at $n$ points. Let $H$ be the hilbert scheme of length n subscheme of $P^2$. Consider $H$ with its universal family $V \subset H \times P^2$. Then blow up $H \times P^2$ along $V$, to get $Bl_V (H \times P^2) \to H$. Are the fibers of this map the blow ups of $P^2$ at the corresponding subschemes?