Rod Stewart and Rachel Hunter have finalised their divorce - just weeks before the rocker's new love Penny Lancaster is set to give birth to his seventh child.

The DO YA THINK I'M SEXY? hitmaker, 60, married Hunter in December 1990 and the pair had children RENEE, 13, and LIAM, 11, together.

According to the New York Post, Hunter, 36, toasted the official end of her marriage with lawyer MIKE HELLER at New York City's Churrascaria restaurant.

Stewart is set to wed model-turned-photographer Lancaster next summer (06).