Waltz, who was involved in a love triangle with the Blue singer on Celebrity Big Brother in January, claimed that being with him was "emotionally draining".
She told The Sun on Sunday: "Lee genuinely thinks Blue are number one in the charts, are as big as One Direction and he has the appeal of Harry Styles.
"He cannot accept his career is going nowhere. It is tearing him apart and he needs to get help."
The model, 31, was rumoured to have dumped Ryan earlier this month but later denied the reports. However, the couple have now confirmed that they are over.
She said: "Lee is a 100% screw-up mentally. He told me he loved me and wanted to marry me. But behind the candelabra everything about this life is bad... Being in a relationship with him was emotionally draining.
"I couldn't get a word in edgeways as he talked about how his career was on the rise."
However, she added that Ryan is aware of his situation on some level, saying: "Deep down he knows his career is pretty much over and he is lashing out.
"Blue know it is over. They want to keep touring, but have no label."
Ryan's spokesperson responded to Waltz's comments, saying: "Lee was kind enough to welcome Jasmine to stay at his home when she told him she didn't have anywhere else to stay. Lee's first and foremost priority is the wellbeing of his children and anything or anybody else comes secondary to that.
"Lee could not travel out to America as much as Jasmine would have liked him to due to his commitments in the UK.
"He hopes Jasmine finds what she is looking for and wishes her the greatest happiness and success in her aspiring acting career."
The pair featured in OK! magazine in February, claiming that they were
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